Published: 2024-04-26 16:49
Photo of Judita Grigelyts (V).
The largest Polish energy group Orlen in 2023. sales revenue increased by 32% to 86.3 billion. EUR, and adjusted EBITDA (profit before tax, salary and amortization) grew from EUR 40.8 billion. PLN (9.4 billion EUR) to 42.24 billion PLN (EUR 9.8 billion).
In 2023, the company generated 20.7 billion PLN (4.8 billion EUR) net profit.
In 2023, Orlen Group’s consolidated result made it difficult to determine assets, which calls into question the accuracy of some previous decisions. This is 17.2 billion. PLN (EUR 3.98 billion) worth of projects and investments, which we are thoroughly examining, Ireneusz Fafara, Orlen’s new CEO, mentioned in his address to the shareholders.
Earlier in the week, Orlen announced that its board of directors recommended paying 4.818 billion for the year 2023. PLN (1.1 billion EUR) dividend. The remaining part of last year’s profit was transferred to the reserve capital of the group.
The Orlen Group owns the Lithuanian company Orlen Lietuva, which manages the only oil refinery in the Baltic States.
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Tags: Orlen groups income grew year plans billion Dividends EUR
