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Unipetrol as (UNPE.PR)

UNPE.PR on Prague Stock Exchange

377.00CZK
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Unipetrol to invests CZK 1.2 bln into new energy unit
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Unipetrol As :says to invest 1.2 billion crowns ($55.27 million)in a new energy unit.says signed contract with Bertsch Energy, an Austrian supplier, for construction of new boiler house in Chempark Zaluzi Litvinov.says construction will commence during first quarter of 2018, completion scheduled for 2020.says boiler house, which is producing high pressure steam and thus securing the operation of the steam cracker unit, will undergo major upgrades; its existing two boilers will be replaced with brand new ones.  Full Article

Unipetrol CFO: not yet certain when final insurance claims can be booked
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Unipetrol As :CFO says thinks nothing wrong with keeping level of cash.CFO reiterates dividend payment depends on shareholders.CFO says difficult to confirm if it can book final steam cracker insurance claims in Q4 nP7N1IV013.said earlier says estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 .CEO reiterates can expect increase in dividend.  Full Article

Unipetrol Q3 net profit jumps on stronger margins, sales
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Unipetrol As :Q3 net profit CZK 1.523 billion vs CZK 722 million year ago.Q3 revenue CZK 30.904 billion, up 34 percent y/y.Q3 EBITDA LIFO CZK 3.412 billion vs CZK 1.928 billion year ago.says on EBITDA LIFO positive macro impact of CZK 0.6 billion y/y driven by higher refining, positive volume impact of CZK 3.8 billion y/y driven by higher petrochemical, refining sales; negative impact from Q3/16 insurance claim, inventory revaluation.says regarding steam cracker insurance claim estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 2017.says PE3 project progress approaching 70 percent.says refining utilisation ratio increased to its highest ever of 97 percent during Q3.  Full Article

BRIEF-Unipetrol targets EBITDA LIFO of CZK 19.7 bln in 2017-18 in new strategy
Thursday, 16 Mar 2017 

Corrects model refining margin in final bullet point of MARCH 14 story to 2.3 USD/bbl from 4.7 USD/bbl after company re-issued assumptions.issued assumptions) March 14 (Reuters) - Unipetrol As : boards approved the document Unipetrol Group Strategy . targets total combined EBITDA LIFO at the level of CZK 19.7 billion ($775.32 million) in 2017-18 . includes CZK 17.5 billion in Downstream segment, CZK 2.3 billion in Retail segment and CZK (-0.1) billion in Corporate functions segment . targets total combined CAPEX at the level of CZK 16.3 billion in 2017-18, consisting of CZK 8.6 billion for development purposes (83% in Downstream, 15% in Retail and 2% in Corporate functions) and CZK 7.6 billion for maintenance and regulatory expenditures . targets completion of construction of new polyethylene unit (PE3); . targets increased market share in retail – to 20.7% in 2018 . targets realization of the potential of refinery assets with high utilization of 87 percent on average over 2017-2018 . targets safe financial standing of Unipetrol capital group and systematic increase of dividend-per-share ratio . strategy for horizon 2017-21, intends to cyclically update and communicate its plans for the coming periods . strategy assumes model refining margin of 2.3 USD/bbl, Brent crude oil price 55 USD/bbl, Brent/Ural differential 2.2 USD/bbl Further company coverage: [UNPE.PR] ($1 = 25.4090 Czech crowns) ((jason.hovet@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Unipetrol says will shut down steam cracker for 9-10 days
Wednesday, 15 Feb 2017 

Unipetrol : the oil refiner says it will shut down its steam cracker unit this week . says controlled maintenance shutdown will last 9-10 days . says there will be ethylene supply reductions to Spolana in Neratovice and to polyethylene units in Litvinov . the steam cracker came back online last quarter after more than a year-long shutdown caused by a blast that knocked the unit out of service in 2015 [nL8N1CP1YI] (Prague Newsroom, editing by Larry King) ((prague.newsroom@thomsonreuters.com)) Keywords: UNIPETROL CRACKER/.  Full Article

Unipetrol expects H2 good enough to meet company plans
Thursday, 21 Jul 2016 

Unipetrol : Unipetrol CFO Kastelik says expects Q4 results to be similar to year before . Unipetrol CFO Kastelik says Q3 affected by operational limitations, H2 seen good enough to reach company plans . says H2 revenue will be lower than in past Further company coverage: [UNPE.PR] ((prague.newsroom@thomsonreuters.com;)).  Full Article

Poland's PKN says is ready to buy oil from Iran, Iraq, U.S.
Thursday, 21 Jul 2016 

: Poland's largest oil refiner PKN says is ready to buy oil from Iran, Iraq and the U.S. . "When is the final supply coming - we have to wait still. It's a question of further diversification," PKN's chief financial officer Slawomir Jedrzejczyk told reporters. Further company coverage: [PKN.WA] (Reporting by Agnieszka Barteczko; Writing by Adrian Krajewski; Editing by Marcin Goclowski) ((adrian.krajewski@thomsonreuters.com;)).  Full Article

Unipetrol CFO says hopes to pay stable and regular dividend in future
Tuesday, 21 Jun 2016 

Unipetrol As : Unipetrol CFO Miroslaw Kastelik tells annual meeting he hopes to pay stable and regular dividend in the future . Board proposes CZK 5.52 dividend for 2015, first dividend since 2007, minority shareholders demand more [nL8N1953NF] Further company coverage: [UNPE.PR] ((prague.newsroom@thomsonreuters.com; +420 224 190 477;)).  Full Article

Unipetrol buys Spolana from parent group PKN Orlen
Friday, 10 Jun 2016 

Czech downstream oil group Unipetrol : says UNIPETROL RPA, 100% owned subsidiary of Unipetrol, signed a share purchase agreement with ANWIL S.A., 100% owned subsidiary of PKN ORLEN S.A., based on which Unipetrol RPA acquired from Anwil 100% share capital of SPOLANA . acquisition price for the shares in the amount of EUR 1 million will be financed from own financial sources . completion of the transaction is expected within one week from the signing date of June 10 . takeover of full control over Spolana’s assets and operations will allow Unipetrol to be more flexible and resilient in terms of production optimization, production and sales of ethylene and it will also allow a better coordination of Unipetrol’s value chain that will be more integrated after the transaction Further company coverage: [UNPE.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

Unipetrol shareholders to vote on dividend at June 21 AGM
Thursday, 19 May 2016 

Unipetrol As : AGM to take place on June 21 . decisive day for right for dividend is June 14 . proposing a 5.52 crown per share dividend from 2015 profits, the company's first shareholder payout since 2007 [nP7N15B011] . shares dropped after dividend proposal this month as market disappointed in size of dividend Further company coverage: [UNPE.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article