LJUBLJANA (Slovenia), Jan 20, 2010 -- (InPR) -- As today's [January 19] press conference, the Management Board of Petrol presented the current situation in Petrol, the companyCOs business results and future directions, as well as the Petrol Group's business goals for 2010.
Aleksander SvetelEiek, Chairman of the Management Board of Petrol emphasised the companyCOs results achieved in 2009 and the Petrol GroupCOs business goals for 2010. He is sure that eoperating conditions in 2010, both in the financial and economic sphere, will continue to be demanding for Petrol. In 2010, company consolidation will start, to be based on its operating in the keen financial and economic conditions. Consequently, it will be necessary to monitor and manage even more consistently all business processes in all pillars and marketsA1/2.
The Petrol Group plans to generate net sales revenues of EUR 2.5 billon, up 11% from the figure estimated for 2009, and net profit of EUR 43.2 million, up 6% from the figure estimated for 2009 (before the impairment of investments), added Aleksander SvetelEiek. He also pointed out that ethis year will be of key importance for strengthening the Petrol GroupCOs position in regional markets. It should be expected that operating conditions in foreign markets will continue to be harsh, particularly due to a relatively low rate of growth in economic activities, deteriorated financial discipline and lower purchasing power of consumers resulting in their economizing on purchases.A1/2
In 2010, Petrol will be entering one of the biggest investment cycles in energy and infrastructure. Petrol will invest around EUR 50 million of its own funds in the expansion and reconstruction of its sales network and other projects in Slovenia and the broader region, said Aleksander SvetelEiek. In Slovenia, Petrol will open seven new service stations and reconstruct another twenty in accordance with the most contemporary standards. In Croatia, the Petrol Group will build eight new service stations and a gas storage facility, in Kosovo four new service stations and a storage facility for oil products, and in Bosnia and Herzegovina two new service stations, announced Aleksander SvetelEiek.
Janez E'ivko, Board Member responsible for finance, presented the GroupCOs financial goals for 2010. He said that C[pounds sterling]Petrol set itself ambitious financial goals for 2010. Because of the limited availability of long-term financial resources provided by banks and high requirements of banks regarding insurance in 2010, a particular emphasis will be laid on providing own resources through the efficient management of stocks, operating receivables and payables. The company is entering one of the biggest investment cycles in energy and infrastructure.A1/2 Among the most significant business goals of the companyCOs financial, IT, legal and general services is to provide financial resources, necessary for implementing the companyCOs operative and strategic goals and achieving its cost effectiveness.
The areas of purchasing and logistics will remain among core areas within the Petrol Group in 2010, said Mariyia Lah, Board Member responsible for purchasing and logistics. She emphasised that e in the area of logistics, this year will be marked by the lowering of costs in both the primary logistics and transport of piece goods. As regards the purchases of oil products, the purchasing function will be centralised at the Group level this year, and various options for additional savings and centralised management of cost risks will be studied. The long-term provision of storage capacities of around 60,000 m3 is certainly the key strategic goal aimed to afford greater competitive advantage and total purchasing independence of Petrol.
Roman Dobnikar, Board Member responsible for sales and marketing, presented marketing activities and goals of the company for 2010. eThe Petrol Group is planning to sell 2.23 million tonnes of oil products this year, 3% above the figure estimated for 2009. Petrol will generate sales revenues of EUR 407.7 million through its sale of supplementary and other merchandise, 7% more than estimated for 2009, said Roman Dobnikar. Petrol is planning to expand its retail network in Slovenia and abroad to 443 service stations, including those operated by joint ventures. It also plans a more active role of marketing, introduction of a unified corporate image and unified operations in all markets, and transfer of the highest standards from Slovenia to the markets of SE Europe, added Roman Dobnikar.
Rok Vodnik, Board Member responsible for energy, described the energy area as one of the greatest challenges of our time. eIn 2010, the Petrol Group planning to sell 122 thousand tonnes of liquefied petroleum gas, natural gas and technical gases, up 5 % from the figure estimated for 2009; its customers are planned to be supplied through 2,400 gas depots and 28 gas supply concessionsA1/2 added Rok Vodnik. He concluded by saying that in the energy area Petrol is planning a significant jump to an even better supply, better solutions and environmentally friendly treatment with energy, particularly as regards renewable energy resources. Particular attention will be paid to the production of electricity, where the company expects a 48% growth. In addition to this, Petrol will invest in the energy system and thus contribute to providing environmentally friendly energy. eThus, by 2010, PetrolCOs environmental pillar will become not only recognizable, but also profitable above the average,A1/2 announced Rok Vodnik.
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Management Board of Petrol d.d., Ljubljana
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