LOTOS back among blue chips
OREANDA-NEWS. The session of March 18th will see Grupa LOTOS return to the WIG20 index, which groups the largest and most liquid stocks traded on the Warsaw Stock Exchange (WSE). For international and domestic investors alike, WIG20 – whose constituents account for most of WSE trading volume – serves as a point of reference for investment decisions and the comeback is bound to motivate the company to build further value for investors.
Grupa LOTOS will reappear as a WIG20 constituent following an annual revision of indices made by the WSE Management Board. In the last 12 months the total value of trades in Grupa LOTOS shares has been PLN 2.27bn. The Company’s share in WIG20 will be 1.36%.
In 2015, Grupa LOTOS delivered an all-time high normalised EBITDA of PLN 2.156bn and processed a record high amount of crude oil (10.2m tonnes).
The Company successfully achieved the objectives set out in its Strategy for 2011-2015. In the Strategy, LOTOS set the hydrocarbon production target at 24 thousand boe/d (with the actual output having reached 28.4 thousand boe/d) and the wholesale and retail fuel market share targets at 30% and 10%, respectively. The wholesale and retail market shares achieved at the end of 2015 were 31.1% and 10.5%, respectively.
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