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PGNIG exceeds expectations to deliver a solid perfrmance in Q1, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland

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PGNIG exceeds expectations to deliver a solid perfrmance in Q1

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At end-March PGNIG had ca. 0.9 bcm of gas inventories in storage facilities.

 

DM BOS ANALYST LUKASZ PROKOPIUK

 

Almost all volumes exceed my expectations. Therefore, taking into account preliminary volumes data, it could turn out that our quarterly forecast for PLN 2.5 bln group EBITDA is conservative.

 

Certainly, winter helped the company and the impact of weather factors may have been bigger than we anticipated. Volumes in distribution and in sales are very good. It seems the company had a very good quarter.

 

The data are rather unlikely to have an impact on company's share price - the market will be waiting for [full Q1] results.

2017-04-21



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