Orlen SA (STU:PKY1)
€ 12.344 0.564 (4.79%) Market Cap: 14.31 Bil Enterprise Value: 17.40 Bil PE Ratio: 6.14 PB Ratio: 0.41 GF Score: 62/100

Q3 2019 Polski Koncern Naftowy Orlen SA Earnings Call Transcript

Oct 24, 2019 / 08:00AM GMT
Release Date Price: €23.56 (-4.15%)
Operator

Ladies and gentlemen, welcome to the PKN ORLEN Q3 2019 Consolidated Financial Results Conference Call. At our customer's request, this conference will be recorded. (Operator Instructions)

I will now hand you over to Mr. Konrad Wlodarczyk, IR Director. Please go ahead.

Konrad Wlodarczyk
Polski Koncern Naftowy ORLEN Spólka Akcyjna - IR Director

Thank you, operator. Good morning, ladies and gentlemen, and welcome to the conference call presenting PKN ORLEN's consolidated financial results for the third quarter 2019. The presentation that was e-mailed to you today and is also available on our web page will be delivered here by myself and by [Mario Garyenski], IR expert. And after the presentation, as usual, we will kick off Q&A session during which several directors will be available to answer your questions.

With no further delays, I'll go smoothly to Slide #3, key facts and figures. So third quarter was one of the best ever, we may say. We achieved PLN 3.2 billion EBITDA LIFO out of which 30% was delivered by Retail segment. And such high

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