PKN Orlen

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Polski Koncern Naftowy Orlen Spółka Akcyjna

logo
legal form Spółka Akcyjna
Joint Stock Company (Poland)
ISIN PLPKN0000018
founding 1999
Seat Plock , PolandPolandPoland 
management Daniel Obajtek ( CEO )
Number of employees 22,337
sales 111.2 billion zlotys (25.3 billion euros )
Branch Petroleum products
Website www.orlen.pl
As of December 31, 2019

PKN Orlen headquarters in Płock
Orlen petrol station in Szczecin
Orlen gas station in Berlin

Polski Koncern Naftowy Orlen Spółka Akcyjna (German trans. Polish oil company Orlen Aktiengesellschaft shortly PKN Orlen ) is a listed Polish Mineralölveredeler and gas stations operator with headquarters in Plock , which, among other things, gas station chains in Poland Germany , Czech Republic and Lithuania operates.

The company's shares are traded on the Warsaw Stock Exchange and are included in their leading indices WIG20 and WIG30 . With weightings of 11.75% (WIG20) and 10.00% (WIG30), it is one of the most strongly represented individual values ​​of both indices.

History and market presence

PKN Orlen emerged in 1999 from a merger of the two formerly state-owned companies Petrochemia Płock SA and Centrala Produktów Naftowych (CPN) and has since been the market leader in Poland with 1766 petrol stations and a 66.4 percent market share in wholesale and 34.8 percent in fuel retail . The brand name Orlen is derived from the Polish words Orzeł ( eagle ) and Energia ( energy ). The trademark represents an eagle's head.

PKN Orlen has been represented on the German market since March 2003 and, as Orlen Deutschland GmbH , based in Elmshorn ( Schleswig-Holstein ) , operates a total of 585 Star , Famila and Orlen petrol stations , with a market share of around 6.6% (as of: December 31, 2019).

Since May 24, 2005, PKN Orlen has also owned 63 percent of the Czech chemical company Unipetrol , whose wholly owned subsidiary is the largest Czech petrol station chain, Benzina , with 334 stations . In August 2008 Unipetrol distributed a dividend for the first time since 1997 , of which PKN Orlen received around 84.5 million euros.

On December 16, 2006 PKN Orlen took over 85 percent of the shares in the Lithuanian refinery Mažeikių Nafta . For this, the group paid 852 million US dollars to the Lithuanian state for 33.66 percent of the shares and 1.49 billion US dollars to the Russian company Yukos for 53.7 percent of the shares. To Mažeikių Nafta includes 35 stations. The refinery has 80 percent of the fuel wholesale market and 4 percent of the retail market.

Since June 2011 the Group has been operating a production complex for terephthalic acid in Włocławek and Płock . The plants are expected to deliver 600 thousand tons of the substance annually, making them the second largest complex of its kind in Europe.

At the end of 2019, PKN Orlen operated a total of 2,294 filling stations: 1,800 in Poland, 585 in Germany, 416 in the Czech Republic, 25 in Lithuania and 10 in Slovakia. 542 of the 1,800 Polish petrol stations are operated in a franchising concept .

CEO

  • Andrzej Modrzejewski , April 16, 1999 to February 8, 2002
  • Zbigniew Wróbel, February 8, 2002 to July 28, 2004
  • Jacek Walczykowski, July 28, 2004 to August 16, 2004
  • Igor Chalupec , September 21, 2004 to January 18, 2007
  • Piotr Kownacki, January 18, 2007 to February 28, 2008
  • Wojciech Heydel, April 30, 2008 to September 18, 2008
  • Dariusz Jacek Krawiec, September 18, 2008 to December 16, 2015
  • Wojciech Jasiński , December 16, 2015 to February 5, 2018
  • Daniel Obajtek , since February 5, 2018

Shareholder structure

(As of December 31, 2019)

Surname proportion of
Polish state 27.52%
Nationale-Nederlanden OFE (Open Pension Fund) 7.01%
AVIVA OFE (Open Pension Fund) 6.08%
Free float 59.39%

Web links

Commons : PKN Orlen  - collection of images

Individual evidence

  1. ↑ a b c SPRAWOZDANIE ZARZĄDU Z DIAŁALNOŚCI GRUPY ORLEN I PKN ORLEN SA ZA ROK 2019. (ZIP / PDF; 12.4 MB) March 18, 2020, accessed on June 14, 2020 (Polish).
  2. ↑ a b SKONSOLIDOWANE SPRAWOZDANIE FINANSOWE GRUPY ORLEN ZA ROK ZAKOŃCZONY 31 GRUDNIA 2019. (ZIP / PDF; 12.4 MB) March 18, 2020, accessed on June 14, 2020 (Polish).
  3. ↑ Portfel indeksu WIG20 i WIG20TR (po korekcie kwartalnej 19 czerwca 2020 r.) (Wg stanu na 22 maja 2020 r.). (PDF; 124 kB) June 4, 2020, accessed on June 14, 2020 (Polish).
  4. ↑ wyborcza.biz: http://wyborcza.biz/biznes/1,100896,9715881,Kwas_za_miliardy_zlotych_z_Wloclawka_zaleje_Europe.html