Event: Management outlook, following the publication of 4Q22 results.
The management of Unimot revealed some information about the Company’s outlook.
- Management believes that the results in 2022 were very good and that it will be hard to repeat such figures.
- The Company plans to pay a dividend next year but its level will depend on the results generated in 2023.
- Management stated that the situation on European fuel markets has stabilized, which is less beneficial for the Company.
- Unimot confirms that the results generated in 1Q23 were very good.
- According to management, the Company currently purchases diesel products from the far East and from the USA (while Russian imports have been halted).
- The Company does not overrule more potential M&A’s and is observing the acquisition market. It is observing the planned sale of the Anwim retail fuel network.
Expected impact: Neutral. Most of the news were neutral from the perspective of the current equity performance.
Analyst
Łukasz 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.
232/2023/AR April 24, 2023
