The well-known brand disappears from petrol stations in Poland

The well-known brand disappears from petrol stations in Poland
The well-known brand disappears from petrol stations in Poland
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“PKN Orlen plans to complete the rebranding of Grupa Lotos petrol stations that will remain in the Orlen Group in January 2023” – PKN Orlen informed PAP. The company recalled that it took over about 100 Lotos petrol stations, both its own and franchised ones.

“The issue of the competitiveness of Lotos and Orlen stations has already been analyzed by the European Commission (EC). On this basis, the European Commission has determined the number of stations that may remain in the Orlen Group. Therefore, the concern does not plan to close any Lotos stations due to their location in the vicinity of Orlen outlets. The acquired Lotos stations will have the same offer as other stations in the Orlen network, ”stated PKN Orlen.

Orlen focuses on the development of the retail segment

“By 2030, at least 3.5 thousand stations will operate in the region under the Polish brand Orlen. The development of the Orlen Group’s network will take place primarily abroad – the share of foreign stations in the entire network will increase from 37 percent to over 45 percent.” – emphasized PKN Orlen.

PKN Orlen applying for the takeover of Grupa Lotos, on January 12 this year. presented the European Commission with the so-called countermeasures that enable the merger. They are to protect the Polish fuel market and the refining market from monopoly. The Płock concern then announced that the Hungarian MOL will take over 417 Lotos fuel stations located in Poland for the amount of USD 610 million. Orlen will buy 144 fuel stations in Hungary and 41 fuel stations in Slovakia from MOL for approx. EUR 229 million.

From the data of the Polish Organization of Commerce and the Oil Industry at the end of June this year. shows that Grupa Lotos owned 522 petrol stations.

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June 20 this year The EC gave Orlen permission to take over Grupa Lotos. August 1 this year the merger was registered in the National Court Register.

PKN Orlen informed that at the end of the second quarter of 2022, the retail network of the Orlen Group consisted of 2,885 petrol stations, which means an increase by 31 facilities (y / y). The retail segment recorded a 16% decrease in EBITDA in this period. (y / y) to the level of PLN 695 million. It was noted that the profit of the station network in Poland worsened by PLN 127 million, while the result in Germany increased by PLN 23 million. According to Orlen, this was mainly due to the decline in fuel margins on the Polish market, with their growth on the German market and comparable levels on the Czech and Lithuanian markets (y / y), the company said.

author: Anna Bytniewska

The article is in Polish

Tags: wellknown brand disappears petrol stations Poland

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