Lotos results for 2020. Loss of almost PLN 1.15 billion.


The results of Grupa Lotos in 2020 turned out to be lower than in recent years. The net loss was PLN 1.15 billion.

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In 2020, the net loss of Grupa Lotos amounted to PLN 1.15 billion. As Zofia Paryła, the company’s president, explains, the poor results are mainly due to lower prices of petroleum products on the world markets. The Group’s net profit in 2019 amounted to PLN 1.15 billion.

In 2020, the sales revenues of the Lotos Capital Group were at the level of PLN 20,908.6 million (decrease by 29,1 proc. compared to 2019). Their main part was the revenues from the sale of diesel oils. They amounted to PLN 11,814.0 million (56,5 proc. total revenues of the Group). In 2020, they were Fr. 27,3 proc. lower than in 2019

Basic financial and operating ratios of the Lotos Capital Group for 2011-2020.

Basic financial and operating ratios of the Lotos Capital Group for 2011-2020.

source: Lotos Group

The revenues from the sale of gasoline also played a significant role in the structure of revenues. They have reached the level PLN 3,032.7 million (14,5 proc. total revenues), and their value was approx 30,2 proc. lower compared to 2019. In 2020 5,8 proc. The Lotos Capital Group’s sales revenue was attributable to heavy products. Their value amounted to PLN 1 209.0 million (decrease by 54,2 proc. compared to 2019). In 2020, the share of domestic sales in the structure of sales revenues of the Lotos Capital Group increased. Revenues from domestic sales amounted to PLN 17,735.6 million (84,8 proc. total revenues) and decreased by 26,5 proc. compared to the previous year.

– To a large extent, however, it was the effect of non-cash events, resulting, among others, from from the exceptionally low quotations of crude oil and gas and the consequent decline in the valuation of inventories and write-downs in the upstream segment. The EBITDA LIFO result adjusted for one-off events, which is one of the key measures for companies in the industry, was positive throughout 2020 and amounted to PLN 1.36 billion. At the same time, cash flows from operating activities were generated at the level of PLN 2.87 billion – one of the highest in the history of our company’s operations. In addition, in 2020, as one of the few issuers from the WIG20 stock exchange index, Grupa Lotos paid a dividend of PLN 1 per share – explains Sophia of Paris, President of the Management Board of Grupa Lotos.

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