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PGNiG

Oil & Gas > Poland > PGNiG
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PGNiG

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is a Polish state-controlled oil and natural gas company. The company's core activities include the production of natural gas and crude oil domestically, development of natural gas and crude oil on domestic and international level, geological, geophysical and exploration services in Poland and abroad, import of natural gas to Poland and storage of natural gas. PGNiG carries out out its

Read more »
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is a Polish state-controlled oil and natural gas company. The company's core activities include the production of natural gas and crude oil domestically, development of natural gas and crude oil on domestic and international level, geological, geophysical and exploration services in Poland and abroad, import of natural gas to Poland and storage of natural gas. PGNiG carries out out its operations through five reportable segments, namely, exploration and production, trade and storage, distribution, generation and other segments. The Company is one of the largest importer of natural gas from Russia, Central Asia, Norway and Germany and the main producer of natural gas from Polish fields. Since 2005, PGNiG is one of the largest companies listed on the Warsaw Stock Exchange

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AnnualQuarterly
summary Unit
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

income statement

Sales PLN mil
Gross Profit PLN mil
EBIT PLN mil
Net Profit PLN mil
ROE %
EBIT Margin %
Net Margin %
Employees
              19,332 21,281 23,004 28,730 32,044    
              7,809 9,606 8,945 11,283 12,831    
              1,172 2,724 2,326 2,540 3,149    
              1,235 2,454 1,756 2,242 1,918    
...             5.86% 10.9% 7.21% 8.55% 6.89%    
              6.06% 12.8% 10.1% 8.84% 9.83%    
              6.39% 11.5% 7.63% 7.80% 5.99%    
... ... ... ... ...     31,393 32,418 32,783 32,038 31,217    

balance sheet

...             31,074 34,316 38,824 47,929 48,384    
...             24,658 27,433 31,301 37,096 37,479    
...             6,417 6,883 7,523 10,833 10,905    
...             21,435 23,520 25,218 27,197 28,453    
...             9,639 10,797 13,606 20,732 19,931    
...             3,740 4,973 5,760 11,057 12,099    
...             5,899 5,823 7,846 9,613 7,838    
...             0.312 0.194 0.896 1.79 0.861    
...             0.039 0.035 0.139 0.304 0.170    
... ...           3.22% 0.843% 0.972% -1.33% 4.48%    

cash flow

...             2,542 3,800 2,570 2,552 7,813    
...             -3,693 -3,577 -4,232 -6,149 -3,060    
...             926 -46.4 1,793 4,040 -3,874    
...             -225 177 131 443 879    

valuation

... ... ...         7,807 7,118 6,991 9,936 10,083    
...             5,900 5,900 5,900 5,900 5,900    
... ... ...         3.79 3.57 4.08 5.21 5.15    
...             0.209 0.416 0.298 0.380 0.325    
...             3.63 3.99 4.27 4.61 4.82    
...             0.080 0.120 0.000 0.130 0.150   ...
... ... ...         18.1 8.58 13.7 13.7 15.8    
... ... ...         1.04 0.896 0.955 1.13 1.07    
... ... ...         2.11% 3.36% 0.000% 2.50% 2.91%   ...
... ...           42.8% 98.6% -28.4% 27.7% -14.5%    
... ...           3.47% 9.72% 7.22% 7.85% 4.62%    

Download Data
income statement Unit
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

income statement

Sales PLN mil
Cost of Goods & Services PLN mil
Gross Profit PLN mil
Staff Cost PLN mil
Other Cost PLN mil
EBITDA PLN mil
Depreciation PLN mil
EBIT PLN mil
Financing Cost PLN mil
Extraordinary Cost PLN mil
Pre-Tax Profit PLN mil
Tax PLN mil
Minorities PLN mil
Net Profit PLN mil
Dividends PLN mil
              19,332 21,281 23,004 28,730 32,044    
              11,523 11,675 14,059 17,447 19,213    
              7,809 9,606 8,945 11,283 12,831    
              2,454 2,647 2,850 3,054 3,214    
              2,686 2,710 2,195 3,620 4,005    
              2,668 4,249 3,900 4,609 5,612    
              1,496 1,525 1,574 2,069 2,463    
              1,172 2,724 2,326 2,540 3,149    
              47.3 17.8 35.0 -101 400    
              -358 -230 393 92.0 40.0    
              1,483 2,936 1,898 2,549 2,709    
              246 479 143 309 789    
              1.65 3.44 -1.00 -2.00 2.00    
              1,235 2,454 1,756 2,242 1,918    
              472 708 0.000 767 885   ...

growth rates

...             4.88% 10.1% 8.10% 24.9% 11.5%    
...             72.2% 4.21% -5.82% 32.3% 8.17%    
...             11.8% 59.2% -8.22% 18.2% 21.8%    
...             21.8% 132% -14.6% 9.20% 24.0%    
...             58.6% 98.0% -35.4% 34.3% 6.28%    
...             42.8% 98.6% -28.4% 27.7% -14.5%    

ratios

...             5.86% 10.9% 7.21% 8.55% 6.89%    
... ...           4.47% 8.19% 5.29% 5.66% 4.39%    
              40.4% 45.1% 38.9% 39.3% 40.0%    
              13.8% 20.0% 17.0% 16.0% 17.5%    
              6.06% 12.8% 10.1% 8.84% 9.83%    
              6.39% 11.5% 7.63% 7.80% 5.99%    
              38.2% 28.9% 0.000% 34.2% 46.1%   ...
... ...           3.22% 0.843% 0.972% -1.33% 4.48%    
...             0.312 0.194 0.896 1.79 0.861    

Download Data
balance sheet Unit
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

balance sheet

...             24,658 27,433 31,301 37,096 37,479    
...             22,889 25,662 29,319 33,784 33,033    
...             173 247 343 1,146 1,164    
... ... ... ... ... ... ... ... ... ... 44.0 44.0    
...             6,417 6,883 7,523 10,833 10,905    
...             1,259 1,050 2,082 3,064 3,378    
...             3,516 3,986 2,882 5,374 4,086    
...             1,196 1,373 1,505 1,948 2,827    
...             31,074 34,316 38,824 47,929 48,384    
...             21,435 23,520 25,218 27,197 28,453    
...             10.5 13.4 7.00 4.00 6.00    
...             9,639 10,797 13,606 20,732 19,931    
...             3,740 4,973 5,760 11,057 12,099    
...             44.1 970 1,382 5,509 5,385    
... ... ... ... ... ... ... 1,268 1,392 1,572 1,936 3,210    
...             5,899 5,823 7,846 9,613 7,838    
...             1,984 1,229 3,617 4,702 2,276    
...             900 1,094 1,266 1,314 1,802    
... ... ... ... ... ... ... 1,556 1,437 1,543 888 1,154    
...             31,074 34,316 38,824 47,929 48,384    

growth rates

... ...           4.47% 10.4% 13.1% 23.5% 0.949%    
... ...           3.47% 9.72% 7.22% 7.85% 4.62%    
... ...           -263% -0.725% 323% 136% -41.5%    
... ...           122% 8.43% 127% 104% -25.0%    

ratios

...             2,028 2,199 4,999 10,211 7,661    
...             832 826 3,494 8,263 4,834    
...             3,875 3,941 3,698 7,124 5,662    
...             28,533 31,374 34,999 44,220 43,141    
...             0.039 0.035 0.139 0.304 0.170    
... ...           3.22% 0.843% 0.972% -1.33% 4.48%    

Download Data
cash flow Unit
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

cash flow

              1,235 2,454 1,756 2,242 1,918    
              1,496 1,525 1,574 2,069 2,463    
... ...           -499 -112 -1,003 1,667 1,970    
... ...           310 -65.9 243 -3,426 1,462    
...             2,542 3,800 2,570 2,552 7,813    
...             -3,841 -3,670 -4,506 -3,788 -3,290    
...             148 92.5 274 -2,361 230    
...             -3,693 -3,577 -4,232 -6,149 -3,060    
...             -472 -708 0.000 -767 -885   ...
... ...           1,115 171 2,800 5,212 -2,550    
...             926 -46.4 1,793 4,040 -3,874    
...             -225 177 131 443 879    

ratios

...             66.4 68.4 45.7 68.3 46.5    
...             39.9 32.8 54.1 64.1 64.2    
...             28.5 34.2 32.9 27.5 34.2    
...             77.8 67.0 66.9 105 76.5    
              2,731 3,978 3,330 4,311 4,381    
...             0.463 0.674 0.564 0.731 0.743    
... ... ...         8.19 5.29 7.23 7.13 6.94    
...             -1,151 223 -1,662 -3,597 4,753    
... ... ...         -4.73% 1.04% -8.02% -11.1% 14.9%    

Download Data
other data Unit
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

other data

ROA %
Gross Margin %
Employees
Cost Per Employee USD per month
Cost Per Employee (Local Currency) PLN per month
Staff Cost (As % Of Total Cost) %
Effective Tax Rate %
Enterprise Value (EV) USD mil
EV/EBITDA
EV/Capital Employed
EV/Sales
EV/EBIT
Capital Expenditures (As % of Sales) %
Sales from Natural Gas Total PLN mil
Sales from Natural Gas - High-methane gas PLN mil
Sales from Natural Gas - Nitrogen-rich gas PLN mil
Sales from Crude Oil PLN mil
Sales from NGL PLN mil
Sales from Helium PLN mil
Sales From Electricity PLN mil
Sales from Heat PLN mil
Sales From Services PLN mil
Sales from Exploration & Production PLN mil
Sales from Trade & Storage PLN mil
Sales from Distribution PLN mil
Sales from Generation PLN mil
EBIT from Exploration & Production PLN mil
EBIT from Trade & Storage PLN mil
EBIT from Distribution PLN mil
EBIT from Generation PLN mil
EBITDA from Exploration & Production PLN mil
EBITDA from Trade & Storage PLN mil
EBITDA from Distribution PLN mil
EBITDA from Generation PLN mil
Sales of Natural Gas Total (mcm) mcm
Sales of Natural Gas - High-methane gas (mcm) mcm
Sales of Natural Gas - Nitrogen-rich gas (mcm) mcm
Imports of Natural Gas - Foreign Suppliers Total (mcm) mcm
Import of Natural Gas - Gazprom (mcm) mcm
Production of Natural Gas Total (mcm) mcm
Production of Natural Gas - High-methane gas (mcm) mcm
Production of Natural Gas - Nitrogen-rich gas (mcm) mcm
Domestic Production of Natural Gas (mcm) mcm
Domestic Suppliers of Natural Gas (mcm) mcm
Sales of Gas - Industry (mcm) mcm
Sales of Gas - Trade & Services (mcm) mcm
Sales of Gas - Households (mcm) mcm
Sales of Gas - Wholesale (mcm) mcm
Sales of Gas - Export (mcm) mcm
Storage Capacity - Gas (mcm) mcm
Production of Crude Oil and Condensate (kt) kt
Sales of Crude Oil and Condensate (kt) kt
Gas Distribution Volumes (mcm) mcm
...             4.06% 7.50% 4.80% 5.17% 3.98%    
              40.4% 45.1% 38.9% 39.3% 40.0%    
... ... ... ... ...     31,393 32,418 32,783 32,038 31,217    
... ... ... ... ...     2,091 2,255 2,444 2,441 2,715    
... ... ... ... ...     6,515 6,805 7,245 7,944 8,580    
              13.5% 14.3% 13.8% 11.7% 11.1%    
              16.6% 16.3% 7.53% 12.1% 29.1%    
... ... ...         8,097 7,397 8,006 12,607 11,687    
... ... ...         9.46 5.25 6.09 8.90 6.58    
... ... ...         0.813 0.698 0.788 0.882 0.816    
... ... ...         1.31 1.05 1.03 1.43 1.15    
... ... ...         21.5 8.19 10.2 16.2 11.7    
...             19.9% 17.2% 19.6% 13.2% 10.3%    
... ...           17,511 19,075 20,231 23,698 24,970    
... ... ... ... ... ... ... ... 17,888 19,014 22,309 23,540    
... ... ... ... ... ... ... ... 1,187 1,217 1,389 1,430    
... ...           662 842 1,100 1,263 2,646    
... ... ... ... ... ... ... ... ... ... ... 111    
... ... ... ... ... ... ... ... 44.0 58.0 161 183    
... ... ... ... ... ... ... ... ... ... 842 1,360    
... ... ... ... ... ... ... ... ... ... 978 1,069    
... ...           602 687 1,026 915 833    
... ... ...         1,866 2,245 2,879 3,121 4,580    
... ... ...         17,158 18,701 19,831 23,353 25,341    
... ...           103 126 141 153 165    
... ... ... ... ... ... ... ... ... ... 1,893 1,658    
... ... ...         337 588 1,315 1,353 2,331    
... ... ...         -50.0 816 -199 325 -8.00    
... ...           1,086 1,491 783 878 739    
... ... ... ... ... ... ... ... ... ... 15.0 144    
... ... ... ... ... ... ... ... 1,197 1,735 1,966 3,381    
... ... ... ... ... ... ... ... 955 -57.0 487 169    
... ... ... ... ... ... ... ... 2,254 1,607 1,697 1,596    
... ... ... ... ... ... ... ... ... ... 471 503    
... ... ...         13,299 14,417 14,277 14,913 16,208    
... ... ... ... ... ... ... ... 13,276 13,167 13,756 15,006    
... ... ... ... ... ... ... ... 1,141 1,111 1,156 1,202    
... ... ...         9,136 10,066 10,915 11,000 10,850    
... ... ... ...       8,137 9,028 9,336 9,017 8,734    
... ... ... ... ... ... ... ... 4,220 4,330 4,317 4,582    
... ... ... ... ... ... ... ... 1,605 1,616 1,608 1,890    
... ... ... ... ... ... ... ... 2,615 2,713 2,710 2,692    
... ... ...         4,105 4,220 4,329 4,317 4,217    
... ... ... ... ...     58.1 96.1 112 127 ... ... ...
... ... ... ... ...     7,185 7,632 8,150 8,268 ... ... ...
... ... ... ... ...     1,424 1,573 1,468 1,523 ... ... ...
... ... ... ... ...     3,724 4,096 3,730 3,852 ... ... ...
... ... ... ... ...     142 218 222 222 ... ... ...
... ... ... ... ...     38.9 43.9 26.7 ... ... ... ...
... ... ... ...   ...   1,295 1,303 1,647 1,787 2,092    
... ... ... ... ... ... ... ... 501 468 492 1,099    
... ... ... ... ... ... ... ... 501 467 485 1,106    
... ... ... ... ... ... ... ... 10,017 9,452 9,924 10,128    

Download Data

PGNiG at a Glance

January 18, 2014
PGNiG at a Glance

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is a Polish state-controlled oil and natural gas company. The company's core activities include the production of natural gas and crude oil domestically, development of natural gas and crude oil on domestic and international level, geological, geophysical and exploration services in Poland and abroad, import

Read more »

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is a Polish state-controlled oil and natural gas company. The company's core activities include the production of natural gas and crude oil domestically, development of natural gas and crude oil on domestic and international level, geological, geophysical and exploration services in Poland and abroad, import of natural gas to Poland and storage of natural gas. PGNiG carries out out its operations through five reportable segments, namely, exploration and production, trade and storage, distribution, generation and other segments. The Company is one of the largest importer of natural gas from Russia, Central Asia, Norway and Germany and the main producer of natural gas from Polish fields. Since 2005, PGNiG is one of the largest companies listed on the Warsaw Stock Exchange.

This report offers a summary of the company's performance in 2002-2012. You will find here all the key numbers from the company's balance sheet, income statement and cash flow on the annual basis

PGNiG - Indebtedness

December 7, 2018

PGNiG's net debt reached PLN -1,934 mil and accounted for -0.060 of equity at the end of first quarter of 2016. The ratio is down 390% when compared to the same period a year ago.

Historically, the firm’s net debt to equity reached

Read more »

PGNiG's net debt reached PLN -1,934 mil and accounted for -0.060 of equity at the end of first quarter of 2016. The ratio is down 390% when compared to the same period a year ago.

Historically, the firm’s net debt to equity reached an all time high of 0.379 in 3Q2012 and an all time low of -0.060 in 1Q2016.

When compared to EBITDA, net debt amounted to -0.315x at the end of the period. The ratio reached an all time high of 4.37 in 3Q2012 and an all time low of -0.315 in 1Q2016.

As far as PGNiG's peers are concerned, PKN posted net debt to equity of 0.224x and 0.982x when compared to EBITDA at the end of first quarter of 2016. MOL ended the year 2016-03-31 with a net debt at 0.430x of equity and 1.16x when compared to its EBITDA while MOL had net debt at 0.430x of equity and 1.16x to EBITDA at the end of the period.

You can see all the company’s data at PGNiG Profile, or you can download a report on the company in the report section.

PGNiG - Profits & Sales

December 5, 2018

PGNiG made a net profit of PLN 1,386 mil in the first quarter of 2016, up 11.5% when compared to the last year. Total sales reached PLN 10,980 mil, which is down 12.1% when compared to the previous year.

Historically, the

Read more »

PGNiG made a net profit of PLN 1,386 mil in the first quarter of 2016, up 11.5% when compared to the last year. Total sales reached PLN 10,980 mil, which is down 12.1% when compared to the previous year.

Historically, the company’s net profit reached an all time high of PLN 2,184 mil in 4Q2012 and an all time low of PLN -310 mil in 2Q2012.

In terms of sales, PGNiG reached an all time high of PLN 12,495 mil in 1Q2015 and an all time low of PLN 4,478 mil in 2Q2011.

PGNiG's net profit has grown 7.41% a year on average in the last five years while sales have increased by 11.0% a year since 1Q2011.

The firm generated its shareholders an average return on invested capital of 6.67% in the last five years.

As far as PGNiG's peers are concerned, PKN posted a net profit and sales of PLN 337 mil and PLN 16,213 mil in 2016-03-31 and MOL generated a net profit of PLN 77,177 mil (with sales of PLN 699,362 mil).

You can see all the company’s data at PGNiG Profile, or you can download a report on the company in the report section.

PGNiG - Profit Margins

December 5, 2018

PGNiG made a net profit of CZK PLN 1,386 mil under revenues of PLN 10,980 mil in first quarter of 2016, up 6702% and 12.4%, respectively, when compared to the last year.

This translates into a net margin of 6.52%. Historically,

Read more »

PGNiG made a net profit of CZK PLN 1,386 mil under revenues of PLN 10,980 mil in first quarter of 2016, up 6702% and 12.4%, respectively, when compared to the last year.

This translates into a net margin of 6.52%. Historically, the firm’s net margin reached an all time high of 13.5% in 3Q2013 and an all time low of 1.32% in 3Q2012. The average net margin in the last five years amounted to 7.43%.

On the operating level, EBITDA margin reached 9.58% and EBIT amounted to 17.6% of sales in the first quarter of 2016.

As far as PGNiG's peers are concerned, PKN posted net and EBITDA margin of 2.86% and 6.58%, respectively in 2016-03-31 and MOL generated margins of -5.37% and 16.4%.

You can see all the company’s data at PGNiG Profile, or you can download a report on the company in the report section.

PGNiG made a net profit of PLN 1,386 mil under revenues of PLN 10,980 mil in the first quarter of 2016, up 11.5% and down 12.1% respectively, when compared to the same period last year. This translates into a net margin of 6.52%.

Read more »

PGNiG made a net profit of PLN 1,386 mil under revenues of PLN 10,980 mil in the first quarter of 2016, up 11.5% and down 12.1% respectively, when compared to the same period last year. This translates into a net margin of 6.52%.

Historically, the firm’s net profit reached an all time high of PLN 2,184 mil in 4Q2012 and an all time low of PLN -310 mil in 2Q2012. Since 1Q2011, the firm's net profit has increased 102% or 7.41% a year on average.

On the operating level, EBITDA reached PLN 2,393 mil, up 2.87% when compared to the previous year. Over the last five years, company's EBITDA has grown 10.4% a year on average.

As far as PGNiG's peers are concerned, PKN posted net and EBITDA margin of 2.86% and 6.58%, respectively in 2016-03-31 and MOL generated margins of -5.37% and 16.4%.

You can see all the company’s data at PGNiG Profile, or you can download a report on the company in the report section.

See all charts of the company »
PGNiG's net profit rose 6,702% to PLN 1,386 mil in 1Q2016
PGNiG's net profit rose 6,702% to PLN 1,386 mil in 1Q2016
PGNiG's Net Debt/EBITDA fell 1,436% to -0.315 in 1Q2016
PGNiG's Net Margin rose 11.3% to 6.52% in 1Q2016
PGNiG's employees fell 12.2% to 25,705 in 2015
PGNiG's net profit fell 24.4% to PLN 2,134 mil in 2015
PGNiG's net profit fell 24.4% to PLN 2,134 mil in 2015
PGNiG's Cash & Cash Equivalents rose 111% to PLN 6,239 mil in 2015
PGNiG's price/earnings (P/E) rose 52.8% to 14.2 in 2015
PGNiG's Total Cash From Operations rose 4.00% to PLN 7,258 mil in 2015