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Polski Koncern Naftowy Orlen SA (PKN.WA)

PKN.WA on Warsaw Stock Exchange

101.15PLN
18 Apr 2019
Change (% chg)

-1.75zł (-1.70%)
Prev Close
102.90zł
Open
102.30zł
Day's High
102.65zł
Day's Low
100.95zł
Volume
530,430
Avg. Vol
736,947
52-wk High
114.35zł
52-wk Low
80.20zł

Latest Key Developments (Source: Significant Developments)

Alior Bank Says Ruch Creditors Approved Proposals To Forgive Part Of Ruch Debt
Monday, 15 Apr 2019 

April 15 (Reuters) - Alior Bank SA ::SAYS RUCH CREDITORS APPROVED PROPOSALS TO FORGIVE PART OF RUCH DEBT.  Full Article

Alior Bank To Buy 100% Stake In Ruch
Thursday, 11 Apr 2019 

April 12 (Reuters) - Alior Bank SA ::SAID ON THURSDAY REACHED AGREEMENT WITH PKN ORLEN AND PZU REGARDING PURCHASE OF 100% CAPITAL STAKE IN RUCH .UNDER THE AGREEMENT ALIOR BANK IS TO SELL THE ENTIRE STAKE IT WILL ACQUIRE IN RUCH TO PKN ORLEN.  Full Article

PKN Orlen Joint Refining Margin And Brent/Ural Spread At $5.9/B In March
Tuesday, 2 Apr 2019 

April 2 (Reuters) - PKN Orlen SA ::JOINT REFINING MARGIN AND BRENT/URAL SPREAD AT $5.9/B IN MARCH.  Full Article

PKN Orlen's Joint Refining Margin And Brent/Ural Spread At $4.4/bbl In February
Monday, 4 Mar 2019 

March 4 (Reuters) - Polski Koncern Naftowy Orlen SA ::POLAND'S LARGEST REFINER SAID ON MONDAY ITS JOINT REFINING MARGIN AND BRENT/URAL SPREAD ROSE TO $4.4 PER BARREL FROM $3.6 IN JANUARY.  Full Article

PKN Orlen Aims To Pay Dividends In Subsequent Years Not Lower Than So Far
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Polski Koncern Naftowy Orlen SA ::AIMS TO PAY DIVIDENDS NEXT YEARS NOT LOWER THAN PAID IN LAST YEARS - MANAGEMENT BOARD MEMBER, ZBIGNIEW LESZCZYŃSKI SAID."AS WE HAVE PRESENTED IN THE STRATEGY FOR 2019-2021, WE WILL CONSISTENTLY PAY OUT DIVIDENDS IN THE FOLLOWING YEARS. OUR TASK AND STRATEGY IS THAT THE DIVIDEND IN SUBSEQUENT YEARS SHOULD NOT BE LOWER THAN THE ONE THAT WAS PAID IN RECENT YEARS" - LESZCZYŃSKI."THERE IS NO RISK THAT DESPITE HIGH INVESTMENT EXPENDITURES WE WILL NOT PAY DIVIDENDS" - LESZCZYŃSKI .  Full Article

PKN Orlen Hopes To Get Approval For Lotos Takeover By End H1 2019
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - PKN Orlen :ASSUMES IT WILL GET DECISION FROM EUROPEAN COMMISSION ON LOTOS ACQUISITION BY END H1 2019 - MANAGEMENT BOARD MEMBER, WIESŁAW PROTASEWICZ SAID.PKN ORLEN SUBMITTED TO THE EUROPEAN COMMISSION DRAFT NOTIFICATION FOR CONCENTRATION REGARDING THE PLANNED TAKEOVER OF LOTOS AT THE BEGINNING OF DEC. nL8N1Y563N.  Full Article

PKN Orlen To Reverse Write-Down Of About 0.8 Bln Zlotys In Q4 2018
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Polski Koncern Naftowy Orlen SA ::SAYS TO REVERSE WRITE-DOWN ON UNIPETROL ASSETS OF ABOUT 0.8 BILLION ZLOTYS IN Q4 2018.SAYS ESTIMATED AMOUNT OF REVERSAL TO INCREASE 2018 EBITDA.SAYS WILL UPDATE VALUE OF ASSETS IN ORLEN UPSTREAM.  Full Article

PKN Orlen Unit's Investment To Up EBITDA By Eur 57 Mln From 2022
Friday, 14 Dec 2018 

Dec 14 (Reuters) - POLSKI KONCERN NAFTOWY ORLEN SA ::SAYS SHAREHOLDERS OF ANWIL SA AGREE FOR INVESTMENT ENLARGING ITS FERTILISER PRODUCTION CAPACITY BY 0.5 MILLION TONNES PER ANNUM.ESTIMATES ANWIL'S EBITDA FROM 2022 COULD INCREASE BY ABOUT EUR 57 MILLION PA.TOTAL COST OF INVESTMENT AT ABOUT 1.3 BILLION ZLOTYS.CO OWNS 100% OF ANWIL WHICH PLANS TO END THE INVESTMENT BY END-2021.  Full Article

Elektrobudowa Extends Works Period On Deal With PKN Orlen Till Oct. 30, 2020
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - ELEKTROBUDOWA SA ::SAYS SIGNS SECOND ANNEX TO DEAL WITH PKN ORLEN SA <<>> FROM FEB. 1 EXTENDING IT TILL OCT. 30, 2020.SAYS ANNEX SIGNED IN CONNECTION WITH DECISION OF PRESIDENT OF SZCZECIN ON OBLIGATION TO CARRY OUT ENVIRONMENTAL IMPACT ASSESSMENT.CO INFORMED ABOUT SIGNING THE DEAL FOR FUELS STORAGE DEPOTS IN FEB. nFWN1PR11M.IN SEPT. CO SIGNED FIRST ANNEX TO THE DEAL REDUCING ITS VALUE TO 38.6 MLN ZLOTYS FROM 39.5 MLN ZLOTYS AND EXTENDING WORKS PERIOD TILL OCT. 30, 2019 nFWN1VQ0SH.  Full Article

PKN Orlen Plans To Increase Bond Issue Programme To 4 Bln Zlotys
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - POLSKI KONCERN NAFTOWY ORLEN SA ::SAID ON WEDNESDAY ITS SUPERVISORY BOARD AGREED TO CHANGE CONTRACTS WITH CONSORTIUM OF BANKS REGARDING CO'S BOND ISSUE PROGRAM INCREASING AMOUNT OF THE PROGRAMME TO 4 BILLION ZLOTYS .ALSO SAID IT ALSO PLANS TO START WORK ON ISSUE OF UNSECURED BEARER BONDS.  Full Article

EARNINGS POLL-Polish refiner PKN's Q1 net profit seen down 25 pct

* PKN Q1 results due April 25 before market opens * Net profit seen down at $205 mln WARSAW, April 19 Polish oil refiner PKN Orlen is expected to report a 25-percent drop in first-quarter net profit amid a weaker performance in its petrochemicals business, a Reuters poll showed on Friday. The state-controlled refiner's first-quarter net profit is forecast at 780 million zlotys ($205 million), according to the average estimate of nine banks and brokerages.