Business
Unimot S A : Estimated financial results of Unimot S.A. for the second quarter of 2024
Unimot S A : Estimated financial results of Unimot S.A. for the second quarter of
About this update from Unimot Sa
Estimated financial results of Unimot S.A. for the second quarter of 2024 Date of publication:08.08.24 Unimot has published estimates of consolidated financial results for the second quarter of 2024. According to preliminary data, consolidated adjusted EBITDA (which accounts for the estimated valuation of compulsory emergency liquid and gaseous fuel stocks, justified cost and revenue reallocations, and non-recurring events) amounted to PLN 80 million in this period, and total revenue amounted to PLN 3 450 million. The Group's financial results in the same period last year were as follows: PLN 63 million consolidated adjusted EBITDA and PLN 3 249 million total revenue. Unimot Group's results in Q2 2024 were positively influenced by the activities of the bitumen segment, which achieved an adjusted EBITDA result of PLN 47 million during this period. In Q2 2024, Unimot Group sold 202 thousand tons of bitumens. This segment reaches its maximum sales volumes in Q2 and Q3 due to the peak season for road construction and repairs occurring in this period. The infrastructure and logistics segment also had a positive impact on the financial results of the Unimot Group. During this period, it achieved an adjusted EBITDA of PLN 20 million. This segment includes fuel storage operations, which generate stable financial results. The segment also provides rail transport services, which have been on a downward trend in Poland since the beginning of the year. In Q2 2024, the liquid fuels segment generated an adjusted EBITDA result of PLN 6.5 million. During this period, the Unimot Group operated in a market environment in which domestic diesel oil prices were at levels that did not ensure the achievement of the company's assumed financial results on this product. Unimot consistently continues the process of diversifying its product portfolio and focuses on introducing and increasing the share of products that enable the development of a higher margin. "In the second quarter of this year, at the Unimot Group, the Unimot Group took actions that were part of the implementation of the business strategy for 2024-2028, in which we have set ambitious goals for each area of the Group's business operations. First of all, we are focusing on diversifying our activities and thereby acquiring new sources of revenue. As part of these efforts, in the second quarter, we started, among othe...