Earnings Poll: Poland's Orlen Q2 net profit seen rising 17% y/y

Safi Silver

23/08/2023 10:56

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      Orlen Q2 results to be released on Aug. 24 before market open 
    

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      Orlen expected to report a net profit of 4.23 billion zlotys
    

  
       GDANSK, Aug 23 (Reuters) - Polish oil and gas company Orlen  PKN.WA  is
expected to report second-quarter net profit 17% higher than a year earlier,
boosted by its gas business, a Reuters poll showed on Wednesday. 
    The state-run refiner is seen posting a net profit of 4.23 billion zlotys 
($1.02 billion) for the quarter, the survey of five banks and brokerages showed.
That would put Orlen's net profit for the first half of 2023 at 13.24 billion
zlotys.
            
    The following table summarises forecasts for Orlen (figures in millions of
zlotys unless stated otherwise):
                    SECOND QUARTER OF 2023
             Net income  Clean EBITDA LIFO      EBITDA     Sales
 Median       4,468         9,194                9,000     77,186 
 Average      4,233         9,378                9,043     80,130 
 Lowest       2,528         9,075                8,620     70,779 
 Highest      5,006         9,800                9,721     95,367 
 No. of           5             5                   5           4
 forecasts      
 Q2 2022       3,612         9,505               6,665      57,804
 Q1 2023       9,006        16,981              15,453     110,270
    
Forecasts provided by: BDM DM, Erste Securities, Pekao BM, Trigon DM, DM BOS

($1 = 4.1437 zlotys)

 (Reporting by Adrianna Ebert
Editing by Mark Potter)
 ((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88))