Event: Purchase of additional railway cisterns.
The Company informed about signing an agreement for the purchase of additional railway cisterns for fuel transportation. The total value of agreements with the seller amounts to PLN 92 million.
Expected impact: Neutral. The scale of transport asset purchases is not a small one but it should allow for the continuation of business sales at relatively good margins. It is hard to assess the capex tied to the current purchase but we assume that the majority of the mentioned PLN 92 million is attributed to agreements already signed. It is no wonder that the fuel inland premium margins are on a high level given the high logistic costs.
Analyst
ÅÂukasz Prokopiuk, CFA
GPW’s Analytical Coverage Support Programme 3.0
This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0.
96/2023/AR February 23, 2023
