Orlen SA (WAR:PKN)
zł 65.19 -1.74 (-2.6%) Market Cap: 75.68 Bil Enterprise Value: 87.52 Bil PE Ratio: 5.23 PB Ratio: 0.50 GF Score: 88/100
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Q1 2019 Polski Koncern Naftowy Orlen SA Earnings Call Transcript

Apr 25, 2019 / 07:00AM GMT
Release Date Price: zł100.8 (-0.54%)
Operator

Ladies and gentlemen, welcome to Consolidated Financial Result of PKN ORLEN First Quarter 2019 Conference Call. I'll now hand over to Konrad Wlodarczyk, IR Director. Sir, please go ahead.

Konrad Wlodarczyk
Polski Koncern Naftowy ORLEN Spólka Akcyjna - Deputy Director

Thank you, operator. Good morning, ladies and gentlemen, and thank you for joining us today. Welcome to conference call presenting PKN ORLEN consolidated financial result for the first quarter 2019. The presentation that I'm going to deliver to you today was e-mailed to you and is also available on our web page.

After the presentation, the floor for Q&A session will be open. During Q&A session, there will be directors from strategy, treasury and controlling department available to answer your questions.

With no further delay, I go smoothly to Slide #3. So key facts and figures for the first quarter 2019. In Q1, we achieved PLN 2 billion EBITDA LIFO, of which more than 30% was delivered by the retail segment. Good results were achieved despite challenging macro

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