Q4 2019 Polski Koncern Naftowy Orlen SA Earnings Call Transcript
Dear ladies and gentlemen. Welcome to the conference call of PKN ORLEN. At our customer's request, this conference will be recorded. (Operator Instructions). May I now hand you over to Mr. Konrad Wlodarczyk, IR Director. Sir, you may begin.
Thank you operator. Good morning ladies and gentlemen. Welcome to the conference call regarding PKN ORLEN consolidated financial results for the fourth quarter 2019. Today's presentation was emailed to you. It is available as well on our website. Today I have the pleasure to talk through the presentation and immediately after the floor for Q&A session will be open. So during the Q&A session, several of the directors from PKN ORLEN will be ready to answer your questions. With no further delay, I go smoothly to Slide #3, key facts and figures.
Q4 results is always, of course, a good moment to summarize the whole year. In 2019, we achieved PLN 9.4 billion EBITDA LIFO. It's a very good result, taking into account the challenging macro
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