View Financial HealthOrlen 배당 및 자사주 매입배당 기준 점검 3/6Orlen 은(는) 현재 수익률이 4.19% 인 배당금 지급 회사입니다. 다음 지급일은 25th June, 2026 이며 배당락일은 다음과 같습니다. 17th June, 2026.핵심 정보4.2%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률4.3%배당 성장률10.3%다음 배당 지급일25 Jun 26배당락일17 Jun 26주당 배당금n/a배당 성향108%최근 배당 및 자사주 매입 업데이트공시 • Apr 28Orlen S.A. Recommends Dividend Payment for the Year 2023Orlen S.A. recommended a dividend of PLN 4.818 billion (EUR 1.1 billion) for 2023, or PLN 4.15 (EUR 0.96) per share. The remaining amount from the net profit for 2023 would go to the reserve capital. For 2022, Orlen paid a dividend of PLN 5.5 (EUR 1.27) per share, or a total of almost PLN 6.4 billion (EUR 1.5 billion).공시 • Feb 22Orlen Recommends Base Dividend for 2023Orlen recommend a base dividend of PLN 4.15 (EUR 0.96) per share from the 2023 net profit.Upcoming Dividend • Aug 02Upcoming dividend of zł5.50 per share at 7.7% yieldEligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%).Upcoming Dividend • Jul 19Upcoming dividend of zł3.50 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%).모든 업데이트 보기Recent updates공시 • May 15Orlen S.A., Annual General Meeting, Jun 09, 2026Orlen S.A., Annual General Meeting, Jun 09, 2026, at 11:00 Central European Standard Time.공시 • Dec 18+ 4 more updatesOrlen S.A. to Report Q4, 2025 Results on Feb 19, 2026Orlen S.A. announced that they will report Q4, 2025 results at 8:30 AM, Central European Standard Time on Feb 19, 2026공시 • May 09Orlen S.A., Annual General Meeting, Jun 05, 2025Orlen S.A., Annual General Meeting, Jun 05, 2025.공시 • Feb 27ORLEN Seeks to Acquire Grupa Azoty PolyolefinsOrlen S.A. (WSE:PKN) (ORLEN Group)'s press office has said that the group's ambition is to strengthen its leading position in the production of plastics in Central and Eastern Europe, which will be possible not only by increasing manufacturing capacity, but also by developing advanced petrochemical products. Meanwhile, the group continues to analyse a potential acquisition of Grupa Azoty Polyolefins, with the negotiations, ongoing already for five months, and due diligence expected to be completed by the end of next month.공시 • Jan 18+ 4 more updatesOrlen S.A. to Report First Half, 2025 Results on Aug 21, 2025Orlen S.A. announced that they will report first half, 2025 results on Aug 21, 2025공시 • Nov 14The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion on January 1, 2024. Under the terms, seven companies came to an agreement with the government, two groups rejected the offer. North Sea Infrastructure and M Vest Energy did not agree to a sale and maintain their stakes. The agreement lifts the Norwegian state's stake in Gassled to 100% from 46.7% previously. The government remains determined to acquire these remaining stakes, either through negotiation or by exercising its rights at the end of the current concession period.공시 • Aug 22Orlen Energy Assumes Restart of Operations At Litvinov Refinery for Early SeptemberOrlen tentatively assumes that the restart of operations at the Plock group-owned refinery in Litvinov in Czech Republic will take place in the beginning of September, Orlen deputy CEO Magdalena Bartos told a press conference. PKN Orlen's Litvinov refinery in the Czech Republic halted production after an unexploded World War II aerial bomb was found. More than 500 people were evacuated from the plant. Traffic was halted on the road from Most to Litvinov, as well as city and rail transport. According to the latest information from the Czech police, the unexploded bomb will remain on site until August 27. Until that date, transport restrictions are in place.공시 • Aug 06Orlen Shareholders Files Lawsuits to Overturn Resolutions Not to Discharge Former Board MembersOrlen shareholders filed lawsuits to the Regional Court in Lodz to declare invalid or revoke resolutions adopted by the ordinary general meeting on June 25, 2024, not to grant discharge for 2023 to 8 former members of the management board and 2 members of the supervisory board, the company said in a market filing. In Orlen's opinion, the lawsuits are unfounded. The lawsuit concerns former board members: Armen Konrad Artwich, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Robert Perkowski and former supervisory board members Andrzej Szumanski and Michal Klimaszewski, Orlen shareholders decided on June 25 not to grant discharge for 2023 to all former members of the management board, including Daniel Obajtek and all former members of the company's supervisory board. The general meeting did not grant a discharge for the 2023 financial year to CEO Daniel Obajtek and the other board members: Armen Artwich, Adam Burak, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Iwona Waksmundzka-Olejniczak and Robert Perkowski. Most of the previous board ceased to hold office in February 2024. Shareholders did not discharge the members of the previous supervisory board for the 2023 financial year: the head Wojciech Jasinski, Andrzej Szumanski, Anna Wojcik, Barbara Jarzembowska, Andrzej Kapala, Michal Klimaszewski, Roman Kusz, Jadwiga Lesisz, Anna Sakowicz-Kacz and Janina Goss. The supervisory board in this composition was dismissed on February 6, 2024.공시 • Jun 14Orlen S.A. Announces Board AppointmentsOrlen S.A.'s supervisory board has appointed Artur Osuchowski as management board member for energy and energy transition from June 13, 2024 and Marek Balawejder as board member for wholesale and logistics from August 1.공시 • May 31Orlen S.A., Annual General Meeting, Jun 25, 2024Orlen S.A., Annual General Meeting, Jun 25, 2024.공시 • May 16Orlen Announces Management ChangesOrlen announced Witold Literacki has been appointed as company's new deputy CEO for corporate affairs and Ireneusz Sitarski - as the deputy CEO for retail sales. Both Witold Literacki and Ireneusz Sitarski have simultaneously resigned as members of the company's supervisory board.Reported Earnings • Apr 28Full year 2023 earnings released: EPS: zł17.81 (vs zł34.18 in FY 2022)Full year 2023 results: EPS: zł17.81 (down from zł34.18 in FY 2022). Revenue: zł372.8b (up 32% from FY 2022). Net income: zł20.7b (down 48% from FY 2022). Profit margin: 5.5% (down from 14% in FY 2022). Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Apr 28Orlen S.A. Recommends Dividend Payment for the Year 2023Orlen S.A. recommended a dividend of PLN 4.818 billion (EUR 1.1 billion) for 2023, or PLN 4.15 (EUR 0.96) per share. The remaining amount from the net profit for 2023 would go to the reserve capital. For 2022, Orlen paid a dividend of PLN 5.5 (EUR 1.27) per share, or a total of almost PLN 6.4 billion (EUR 1.5 billion).공시 • Apr 17Orlen S.A. Announces Board ChangesOrlen S.A. has appointed Magdalena Bartos and Robert Soszynski as deputy CEO and Wieslaw Prugar as board member for upstream. Magdalena Bartos will be Orlen's deputy CEO for finance and Robert Soszynski will be deputy CEO for strategy and sustainable development. Jozef Wegrecki was dismissed from his position as a member of Orlen's management board as of April 30.공시 • Apr 11Orlen S.A. Appoints Ireneusz Fafara as New CEOOrlen S.A. elected Ireneusz Fafara as its new CEO after dismissing Daniel Obajtek from the post in early February. Fafara was appointed to the management board's joint term of office, which ends on the date that the Ordinary General Meeting approves the company's financial statements for 2025. The appointment is effective April 11. Fafara is an expert with knowledge of the fuel sector and the challenges related to energy transformation. In the years 2010-2018, he was the president of Orlen Lietuva, the company's Lithuanian subsidiary operating the only petroleum refinery in the Baltic states. Since June 2020, he has been the president of 4Cell Therapies, a company in the medical sector. Obajtek, the CEO of Orlen of six years, was dismissed by the group's supervisory board on February 1, effective February 5. For many in the new government Obajtek was seen as being too close to the old Law and Justice government, which lost power in October's general election. He was also dogged by controversies surrounding his assets and the sale by Orlen of a stake in the Lotos refinery to a Saudi Arabian company.공시 • Mar 15Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN).Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN) on March 15, 2024. The concluded agreement concerns the disposal of the storage system operator only, while the storage facilities themselves remain the property of Orlen Group. Orlen has entered into an agreement with Gas Storage Poland under which the company manages the capacities of the company's underground gas storage facilities located in Kosakowo, Mogilno, Wierzchowice, Brzeznica, Swarzow, Husow and Strachocina. The acquisition of the shares is conditional on UOKiK's approval of the concentration. In February, Orlen's EGM gave its approval for the sale of shares in Gas Storage Poland.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: zł23.73 (vs zł30.43 in FY 2022)Full year 2023 results: EPS: zł23.73 (down from zł30.43 in FY 2022). Revenue: zł372.6b (up 34% from FY 2022). Net income: zł27.6b (down 22% from FY 2022). Profit margin: 7.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공시 • Feb 22Orlen Recommends Base Dividend for 2023Orlen recommend a base dividend of PLN 4.15 (EUR 0.96) per share from the 2023 net profit.공시 • Feb 15Orlen S.A. Announces Executive ChangesOrlen S.A. announced that on February 6, Witold Literacki, appointed by the Minister of State Assets to Orlen's management board, was appointed by the supervisory board as acting CEO of the company. The supervisory board also decided to delegate three members of the supervisory board as of February 7: Kazimierz Mordaszewski, Tomasz Sojka and Tomasz Zielinski to temporarily act as members of the management board.공시 • Feb 07Orlen Announces Board ChangesOrlen's shareholders appointed the members of the supervisory board at extraordinary general meeting. On the recommendation of the State Treasury, the members chosen are the following: Michal Gajdus, Ewa Gasiorek, Katarzyna Lobos, Kazimierz Mordaszewski, Mikolaj Pietrzak, Wojciech Popiolek, Ireneusz Sitarski, Tomasz Sojka and Tomasz Zielinski. Jan Wozniak, proposed by Nationale-Nederlanden OFE, has not been appointed to the board. The general meeting set the number of members of the new supervisory board at 10, but shareholders appointed only nine people.Wojciech Popiolek has become the chairman of the supervisory board. At the same time, the general meeting dismissed eight people from the existing supervisory board, headed by ex-chairman Wojciech Jasinski. Patrycja Klarecka, Jan Szewczak, Armen Artwich and Roman Rog also resigned from the board.공시 • Feb 06Jan Szewczak Steps Down as Member of Orlen's Management BoardJan Szewczak stepped down from his position as a member of Orlen's management board, effective February 5, 2024. Szewczak was a member of the management board for finance.Buy Or Sell Opportunity • Feb 06Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.83. The fair value is estimated to be €18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings are also forecast to decline by 18% per annum over the same time period.공시 • Feb 05Orlen S.A. Announces Board ResignationsOrlen S.A. announced that Patrycja Klarecka and Armen Artwich have decided to step down as members of Orlen's management board, with immediate effect (till the end of the day). On Michal Rog also resigned as a member of the company's management board, effective, February 5, 2024.공시 • Feb 02Orlen Group Dismisses CEO, Daniel Obajtek Effective February 5, 2024Orlen Group's supervisory board dismissed CEO Daniel Obajtek from the management board with effect from the end of the day February 5, 2024. The company announced that the company's supervisory board, after reviewing the letter of the President of Orlen's management board, Mr. Daniel Obajtek, where he declared that +he placed himself at the disposal of the company's supervisory board in the scope of the performed function+, decided to dismiss Mr. Daniel Obajtek from the Orlen's management board with effect from the end of the day, February, 5th 2024.공시 • Dec 15Poland's Minister of State Assets Dismisses Janina Goss from Supervisory Board of OrlenPoland's Minister of State Assets, on behalf of the State Treasury shareholder, dismissed Janina Goss from Orlen's supervisory board, the company said in a market filing.공시 • Dec 14Daniel Obajtek is Expected to Resign as Orlen Group's CEOPoland's Minister of State Assets, Borys Budka, expects the swift resignation of Daniel Obajtek as CEO of listed energy concern Orlen, the minister said at the briefing.공시 • Nov 23+ 4 more updatesOrlen S.A. to Report Q1, 2024 Results on May 23, 2024Orlen S.A. announced that they will report Q1, 2024 results on May 23, 2024공시 • Nov 15Orlen Reportedly in Advanced Talks to Buy Kuwait Foreign Petroleum's Norwegian AssetsPolish state-controlled oil and gas group Orlen S.A. (WSE:PKN) is in advanced talks to buy Kuwait Foreign Petroleum Exploration Company K.S.C.’s (KUFPEC) stakes in assets on the Norwegian continental shelf, four sources familiar with the process said. Operating under the name of PGNiG Upstream in Norway, Orlen has been prioritising gas assets to fill up a new pipeline carrying Norwegian gas to Poland via Denmark. PGNiG Upstream has a 14.02% stake in Norway's second largest gas field, Ormen Lange, which is operated by Shell plc (LSE:SHEL). KUFPEC hired Scotiabank (The Bank of Nova Scotia (TSX:BNS)) earlier this year to manage the sale process for its Norwegian assets as part of its focus on newer exploration and production hubs. The sale was expected to raise $300 million, sources told Reuters in May. Orlen said on November 14, 2023 that it is constantly monitoring foreign markets in search of acquisition opportunities that match with assets already held, but declined to confirm the talks on KUFPEC's assets. "All decisions regarding possible investments or capital involvement are made in accordance with corporate governance and communicated primarily through the group's official communication channels," the company said in response to Reuters questions. KUFPEC was not immediately available for comment.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: zł2.98 (vs zł20.24 in 3Q 2022)Third quarter 2023 results: EPS: zł2.98 (down from zł20.24 in 3Q 2022). Revenue: zł75.4b (up 3.3% from 3Q 2022). Net income: zł3.46b (down 73% from 3Q 2022). Profit margin: 4.6% (down from 17% in 3Q 2022). Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Oct 21ORLEN Announces the Resignation of Michal Klimaszewski as Supervisory Board Member, Effective October 31, 2023On 20 October 2023 Mr. Michal Klimaszewski submitted a resignation with the effect from the end of 31 October 2023 from the position of ORLEN Supervisory Board Member.공시 • Oct 14Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o.Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023. The wind farms have a total capacity of more than 140 MW. Orlen S.A. (WSE:PKN) completed the acquisition of Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023.공시 • Sep 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) concluded the agreement to acquire DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on July 4, 2023. The terms and conditions of the Agreement do not deviate from the terms and conditions commonly applicable to this type of agreements. The closing of the transaction will take place after fulfillment of the conditions described in the Agreement, including receiving approvals from the relevant antitrust authorities and is planned for the turn of 2023 and 2024.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on September 26, 2023.Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €16.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 9.1% per annum. Earnings is also forecast to decline by 29% per annum over the same time period.공시 • Sep 19Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A.Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A. on September 18, 2023. The remaining stake is controlled by the Treasury. The deal is conditional on the consent from the antitrust body UOKiK.Buying Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.3%. The fair value is estimated to be €16.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 31% per annum over the same time period.Upcoming Dividend • Aug 02Upcoming dividend of zł5.50 per share at 7.7% yieldEligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%).공시 • Jul 27Tauron Negotiates with OrlenTAURON Polska Energia S.A. (WSE:TPE) has started talks with the Orlen S.A. (WSE:PKN) (ORLEN Group) regarding the sale of shares in the combined heat and power plant in Stalowa Wola, and as part of the settlement, Tauron may acquire PGNiG TERMIKA Energetyka Przemyslowa S.A., a unit of Polish Oil and Gas Company (PGNiG), which in turn is a unit of the ORLEN Group. Commenting on the deal, Tauron Group's CEO Pawel Szczeszek notes that it is obvious that the group would be interested in Termika given Tauron's commitment to strengthen and develop its district heating segment in Slaskie Province.공시 • Jul 06+ 1 more updatePolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh on July 4, 2023. Transaction is subject to approvals from the relevant antitrust authorities. The transaction is expected to close at the end of 2023 or the beginning of 2024.공시 • Jun 09Orlen Eyes Takeover of Grupa Azoty PulawyPolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) and Grupa Azoty S.A. (WSE:ATT) have announced that they started talks with a view to a potential acquisition of the fertiliser maker Grupa Azoty Pulawy (Grupa Azoty Zaklady Azotowe "Pulawy" S.A) by Orlen, which said that if due diligence results were positive, the deal might be finalised by the end of 2023. Commenting on the matter, PKN Orlen's CEO Daniel Obajtek stressed that Orlen had by far greater capacity to stabilise the situation on the fertiliser market and that it also had a track record in such segments as gas trade and petrochemicals. "We count on synergies between Grupa Azoty Pulawy and Orlen on many levels," he added. Meanwhile, Grupa Azoty's CEO Tomasz Hinc noted that he hoped that the talks would be constructive and successful.공시 • May 27Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023, at 10:00 Central European Standard Time.Reported Earnings • May 26First quarter 2023 earnings released: EPS: zł7.76 (vs zł6.48 in 1Q 2022)First quarter 2023 results: EPS: zł7.76 (up from zł6.48 in 1Q 2022). Revenue: zł110.3b (up 143% from 1Q 2022). Net income: zł9.01b (up 225% from 1Q 2022). Profit margin: 8.2% (up from 6.1% in 1Q 2022). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €15.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings is also forecast to decline by 37% per annum over the same time period.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: zł30.43 (vs zł26.00 in FY 2021)Full year 2022 results: EPS: zł30.43 (up from zł26.00 in FY 2021). Revenue: zł278.5b (up 112% from FY 2021). Net income: zł35.3b (up 218% from FY 2021). Profit margin: 13% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Feb 16PKN Orlen Fuels Discovers New 500 MCM Nat Gas DepositPKN Orlen discovered a new 500 mcm natural gas deposit in Lubelskie region.Buying Opportunity • Feb 03Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €16.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to decline by 4.7% per annum. Earnings is also forecast to decline by 23% per annum over the same time period.공시 • Jan 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA on January 25, 2023. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of PGNiG Energia SA on January 25, 2023.공시 • Jan 20Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg on January 19, 2023. The transaction will be funded with proceeds from the sale of part of LOTOS service stations. The rebranding process will be completed within three months of the acquisition. The acquisition is expected to close by the end of February after the Group obtains clearance from the German antitrust authority and other approvals.공시 • Dec 15Polski Koncern Naftowy ORLEN Spólka Akcyjna to Report Q3, 2023 Results on Nov 09, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna announced that they will report Q3, 2023 results on Nov 09, 2023Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł20.24 (vs zł6.80 in 3Q 2021)Third quarter 2022 results: EPS: zł20.24 (up from zł6.80 in 3Q 2021). Revenue: zł73.0b (up 100% from 3Q 2021). Net income: zł12.7b (up 336% from 3Q 2021). Profit margin: 17% (up from 8.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: zł8.44 (vs zł5.20 in 2Q 2021)Second quarter 2022 results: EPS: zł8.44 (up from zł5.20 in 2Q 2021). Revenue: zł57.8b (up 97% from 2Q 2021). Net income: zł3.61b (up 62% from 2Q 2021). Profit margin: 6.2% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 19Upcoming dividend of zł3.50 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%).Buying Opportunity • Jul 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be €18.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to decline by 5.6% per annum. Earnings is also forecast to decline by 19% per annum over the same time period.Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: zł6.48 (vs zł4.32 in 1Q 2021)First quarter 2022 results: EPS: zł6.48 (up from zł4.32 in 1Q 2021). Revenue: zł45.4b (up 85% from 1Q 2021). Net income: zł2.77b (up 50% from 1Q 2021). Profit margin: 6.1% (down from 7.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.9%, compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buying Opportunity • Apr 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.9%. The fair value is estimated to be €20.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 8.2% in 2 years. Earnings is forecast to decline by 64% in the next 2 years.Reported Earnings • Apr 03Full year 2021 earnings released: EPS: zł26.00 (vs zł6.44 in FY 2020)Full year 2021 results: EPS: zł26.00 (up from zł6.44 in FY 2020). Revenue: zł131.3b (up 52% from FY 2020). Net income: zł11.1b (up 304% from FY 2020). Profit margin: 8.5% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 43% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 08Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be zł19.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18% per annum over the last 3 years.예정된 배당 지급오늘May 25 2026배당락일Jun 17 2026배당 지급일Jun 25 20268 days (배당락일 기준)다음 배당금을 받으려면 앞으로 23 days일 이내에 매수하세요지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: PKY1 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: PKY1 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Orlen 배당 수익률 vs 시장PKY1의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (PKY1)4.2%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Oil and Gas)4.4%분석가 예측 (PKY1) (최대 3년)4.3%주목할만한 배당금: PKY1 의 배당금( 4.19% )은 German 시장에서 배당금 지급자의 하위 25%( 1.51% )보다 높습니다.고배당: PKY1 의 배당금( 4.19% )은 German 시장에서 배당금 지급자의 상위 25%( 4.55% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 108.3% )이 높기 때문에 PKY1 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 합리적으로 낮은 현금 지급 비율 ( 40.3% )로 PKY1 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 11:47종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Orlen S.A.는 21명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Robert BateBarclaysYuriy KukhtanychBerenbergKamil KliszczBiuro maklerskie mBanku18명의 분석가 더 보기
공시 • Apr 28Orlen S.A. Recommends Dividend Payment for the Year 2023Orlen S.A. recommended a dividend of PLN 4.818 billion (EUR 1.1 billion) for 2023, or PLN 4.15 (EUR 0.96) per share. The remaining amount from the net profit for 2023 would go to the reserve capital. For 2022, Orlen paid a dividend of PLN 5.5 (EUR 1.27) per share, or a total of almost PLN 6.4 billion (EUR 1.5 billion).
공시 • Feb 22Orlen Recommends Base Dividend for 2023Orlen recommend a base dividend of PLN 4.15 (EUR 0.96) per share from the 2023 net profit.
Upcoming Dividend • Aug 02Upcoming dividend of zł5.50 per share at 7.7% yieldEligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%).
Upcoming Dividend • Jul 19Upcoming dividend of zł3.50 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%).
공시 • May 15Orlen S.A., Annual General Meeting, Jun 09, 2026Orlen S.A., Annual General Meeting, Jun 09, 2026, at 11:00 Central European Standard Time.
공시 • Dec 18+ 4 more updatesOrlen S.A. to Report Q4, 2025 Results on Feb 19, 2026Orlen S.A. announced that they will report Q4, 2025 results at 8:30 AM, Central European Standard Time on Feb 19, 2026
공시 • May 09Orlen S.A., Annual General Meeting, Jun 05, 2025Orlen S.A., Annual General Meeting, Jun 05, 2025.
공시 • Feb 27ORLEN Seeks to Acquire Grupa Azoty PolyolefinsOrlen S.A. (WSE:PKN) (ORLEN Group)'s press office has said that the group's ambition is to strengthen its leading position in the production of plastics in Central and Eastern Europe, which will be possible not only by increasing manufacturing capacity, but also by developing advanced petrochemical products. Meanwhile, the group continues to analyse a potential acquisition of Grupa Azoty Polyolefins, with the negotiations, ongoing already for five months, and due diligence expected to be completed by the end of next month.
공시 • Jan 18+ 4 more updatesOrlen S.A. to Report First Half, 2025 Results on Aug 21, 2025Orlen S.A. announced that they will report first half, 2025 results on Aug 21, 2025
공시 • Nov 14The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion on January 1, 2024. Under the terms, seven companies came to an agreement with the government, two groups rejected the offer. North Sea Infrastructure and M Vest Energy did not agree to a sale and maintain their stakes. The agreement lifts the Norwegian state's stake in Gassled to 100% from 46.7% previously. The government remains determined to acquire these remaining stakes, either through negotiation or by exercising its rights at the end of the current concession period.
공시 • Aug 22Orlen Energy Assumes Restart of Operations At Litvinov Refinery for Early SeptemberOrlen tentatively assumes that the restart of operations at the Plock group-owned refinery in Litvinov in Czech Republic will take place in the beginning of September, Orlen deputy CEO Magdalena Bartos told a press conference. PKN Orlen's Litvinov refinery in the Czech Republic halted production after an unexploded World War II aerial bomb was found. More than 500 people were evacuated from the plant. Traffic was halted on the road from Most to Litvinov, as well as city and rail transport. According to the latest information from the Czech police, the unexploded bomb will remain on site until August 27. Until that date, transport restrictions are in place.
공시 • Aug 06Orlen Shareholders Files Lawsuits to Overturn Resolutions Not to Discharge Former Board MembersOrlen shareholders filed lawsuits to the Regional Court in Lodz to declare invalid or revoke resolutions adopted by the ordinary general meeting on June 25, 2024, not to grant discharge for 2023 to 8 former members of the management board and 2 members of the supervisory board, the company said in a market filing. In Orlen's opinion, the lawsuits are unfounded. The lawsuit concerns former board members: Armen Konrad Artwich, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Robert Perkowski and former supervisory board members Andrzej Szumanski and Michal Klimaszewski, Orlen shareholders decided on June 25 not to grant discharge for 2023 to all former members of the management board, including Daniel Obajtek and all former members of the company's supervisory board. The general meeting did not grant a discharge for the 2023 financial year to CEO Daniel Obajtek and the other board members: Armen Artwich, Adam Burak, Patrycja Klarecka, Michal Rog, Jan Szewczak, Jozef Wegrecki, Piotr Sabat, Krzysztof Nowicki, Iwona Waksmundzka-Olejniczak and Robert Perkowski. Most of the previous board ceased to hold office in February 2024. Shareholders did not discharge the members of the previous supervisory board for the 2023 financial year: the head Wojciech Jasinski, Andrzej Szumanski, Anna Wojcik, Barbara Jarzembowska, Andrzej Kapala, Michal Klimaszewski, Roman Kusz, Jadwiga Lesisz, Anna Sakowicz-Kacz and Janina Goss. The supervisory board in this composition was dismissed on February 6, 2024.
공시 • Jun 14Orlen S.A. Announces Board AppointmentsOrlen S.A.'s supervisory board has appointed Artur Osuchowski as management board member for energy and energy transition from June 13, 2024 and Marek Balawejder as board member for wholesale and logistics from August 1.
공시 • May 31Orlen S.A., Annual General Meeting, Jun 25, 2024Orlen S.A., Annual General Meeting, Jun 25, 2024.
공시 • May 16Orlen Announces Management ChangesOrlen announced Witold Literacki has been appointed as company's new deputy CEO for corporate affairs and Ireneusz Sitarski - as the deputy CEO for retail sales. Both Witold Literacki and Ireneusz Sitarski have simultaneously resigned as members of the company's supervisory board.
Reported Earnings • Apr 28Full year 2023 earnings released: EPS: zł17.81 (vs zł34.18 in FY 2022)Full year 2023 results: EPS: zł17.81 (down from zł34.18 in FY 2022). Revenue: zł372.8b (up 32% from FY 2022). Net income: zł20.7b (down 48% from FY 2022). Profit margin: 5.5% (down from 14% in FY 2022). Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Apr 28Orlen S.A. Recommends Dividend Payment for the Year 2023Orlen S.A. recommended a dividend of PLN 4.818 billion (EUR 1.1 billion) for 2023, or PLN 4.15 (EUR 0.96) per share. The remaining amount from the net profit for 2023 would go to the reserve capital. For 2022, Orlen paid a dividend of PLN 5.5 (EUR 1.27) per share, or a total of almost PLN 6.4 billion (EUR 1.5 billion).
공시 • Apr 17Orlen S.A. Announces Board ChangesOrlen S.A. has appointed Magdalena Bartos and Robert Soszynski as deputy CEO and Wieslaw Prugar as board member for upstream. Magdalena Bartos will be Orlen's deputy CEO for finance and Robert Soszynski will be deputy CEO for strategy and sustainable development. Jozef Wegrecki was dismissed from his position as a member of Orlen's management board as of April 30.
공시 • Apr 11Orlen S.A. Appoints Ireneusz Fafara as New CEOOrlen S.A. elected Ireneusz Fafara as its new CEO after dismissing Daniel Obajtek from the post in early February. Fafara was appointed to the management board's joint term of office, which ends on the date that the Ordinary General Meeting approves the company's financial statements for 2025. The appointment is effective April 11. Fafara is an expert with knowledge of the fuel sector and the challenges related to energy transformation. In the years 2010-2018, he was the president of Orlen Lietuva, the company's Lithuanian subsidiary operating the only petroleum refinery in the Baltic states. Since June 2020, he has been the president of 4Cell Therapies, a company in the medical sector. Obajtek, the CEO of Orlen of six years, was dismissed by the group's supervisory board on February 1, effective February 5. For many in the new government Obajtek was seen as being too close to the old Law and Justice government, which lost power in October's general election. He was also dogged by controversies surrounding his assets and the sale by Orlen of a stake in the Lotos refinery to a Saudi Arabian company.
공시 • Mar 15Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN).Operator Gazociagow Przesylowych GAZ-SYSTEM Sp. z o.o. has concluded an agreement to acquire Operator Systemu Magazynowania Sp. Z O.o. from Orlen S.A. (WSE:PKN) on March 15, 2024. The concluded agreement concerns the disposal of the storage system operator only, while the storage facilities themselves remain the property of Orlen Group. Orlen has entered into an agreement with Gas Storage Poland under which the company manages the capacities of the company's underground gas storage facilities located in Kosakowo, Mogilno, Wierzchowice, Brzeznica, Swarzow, Husow and Strachocina. The acquisition of the shares is conditional on UOKiK's approval of the concentration. In February, Orlen's EGM gave its approval for the sale of shares in Gas Storage Poland.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: zł23.73 (vs zł30.43 in FY 2022)Full year 2023 results: EPS: zł23.73 (down from zł30.43 in FY 2022). Revenue: zł372.6b (up 34% from FY 2022). Net income: zł27.6b (down 22% from FY 2022). Profit margin: 7.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공시 • Feb 22Orlen Recommends Base Dividend for 2023Orlen recommend a base dividend of PLN 4.15 (EUR 0.96) per share from the 2023 net profit.
공시 • Feb 15Orlen S.A. Announces Executive ChangesOrlen S.A. announced that on February 6, Witold Literacki, appointed by the Minister of State Assets to Orlen's management board, was appointed by the supervisory board as acting CEO of the company. The supervisory board also decided to delegate three members of the supervisory board as of February 7: Kazimierz Mordaszewski, Tomasz Sojka and Tomasz Zielinski to temporarily act as members of the management board.
공시 • Feb 07Orlen Announces Board ChangesOrlen's shareholders appointed the members of the supervisory board at extraordinary general meeting. On the recommendation of the State Treasury, the members chosen are the following: Michal Gajdus, Ewa Gasiorek, Katarzyna Lobos, Kazimierz Mordaszewski, Mikolaj Pietrzak, Wojciech Popiolek, Ireneusz Sitarski, Tomasz Sojka and Tomasz Zielinski. Jan Wozniak, proposed by Nationale-Nederlanden OFE, has not been appointed to the board. The general meeting set the number of members of the new supervisory board at 10, but shareholders appointed only nine people.Wojciech Popiolek has become the chairman of the supervisory board. At the same time, the general meeting dismissed eight people from the existing supervisory board, headed by ex-chairman Wojciech Jasinski. Patrycja Klarecka, Jan Szewczak, Armen Artwich and Roman Rog also resigned from the board.
공시 • Feb 06Jan Szewczak Steps Down as Member of Orlen's Management BoardJan Szewczak stepped down from his position as a member of Orlen's management board, effective February 5, 2024. Szewczak was a member of the management board for finance.
Buy Or Sell Opportunity • Feb 06Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.83. The fair value is estimated to be €18.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to decline by 9.8% per annum. Earnings are also forecast to decline by 18% per annum over the same time period.
공시 • Feb 05Orlen S.A. Announces Board ResignationsOrlen S.A. announced that Patrycja Klarecka and Armen Artwich have decided to step down as members of Orlen's management board, with immediate effect (till the end of the day). On Michal Rog also resigned as a member of the company's management board, effective, February 5, 2024.
공시 • Feb 02Orlen Group Dismisses CEO, Daniel Obajtek Effective February 5, 2024Orlen Group's supervisory board dismissed CEO Daniel Obajtek from the management board with effect from the end of the day February 5, 2024. The company announced that the company's supervisory board, after reviewing the letter of the President of Orlen's management board, Mr. Daniel Obajtek, where he declared that +he placed himself at the disposal of the company's supervisory board in the scope of the performed function+, decided to dismiss Mr. Daniel Obajtek from the Orlen's management board with effect from the end of the day, February, 5th 2024.
공시 • Dec 15Poland's Minister of State Assets Dismisses Janina Goss from Supervisory Board of OrlenPoland's Minister of State Assets, on behalf of the State Treasury shareholder, dismissed Janina Goss from Orlen's supervisory board, the company said in a market filing.
공시 • Dec 14Daniel Obajtek is Expected to Resign as Orlen Group's CEOPoland's Minister of State Assets, Borys Budka, expects the swift resignation of Daniel Obajtek as CEO of listed energy concern Orlen, the minister said at the briefing.
공시 • Nov 23+ 4 more updatesOrlen S.A. to Report Q1, 2024 Results on May 23, 2024Orlen S.A. announced that they will report Q1, 2024 results on May 23, 2024
공시 • Nov 15Orlen Reportedly in Advanced Talks to Buy Kuwait Foreign Petroleum's Norwegian AssetsPolish state-controlled oil and gas group Orlen S.A. (WSE:PKN) is in advanced talks to buy Kuwait Foreign Petroleum Exploration Company K.S.C.’s (KUFPEC) stakes in assets on the Norwegian continental shelf, four sources familiar with the process said. Operating under the name of PGNiG Upstream in Norway, Orlen has been prioritising gas assets to fill up a new pipeline carrying Norwegian gas to Poland via Denmark. PGNiG Upstream has a 14.02% stake in Norway's second largest gas field, Ormen Lange, which is operated by Shell plc (LSE:SHEL). KUFPEC hired Scotiabank (The Bank of Nova Scotia (TSX:BNS)) earlier this year to manage the sale process for its Norwegian assets as part of its focus on newer exploration and production hubs. The sale was expected to raise $300 million, sources told Reuters in May. Orlen said on November 14, 2023 that it is constantly monitoring foreign markets in search of acquisition opportunities that match with assets already held, but declined to confirm the talks on KUFPEC's assets. "All decisions regarding possible investments or capital involvement are made in accordance with corporate governance and communicated primarily through the group's official communication channels," the company said in response to Reuters questions. KUFPEC was not immediately available for comment.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: zł2.98 (vs zł20.24 in 3Q 2022)Third quarter 2023 results: EPS: zł2.98 (down from zł20.24 in 3Q 2022). Revenue: zł75.4b (up 3.3% from 3Q 2022). Net income: zł3.46b (down 73% from 3Q 2022). Profit margin: 4.6% (down from 17% in 3Q 2022). Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Oct 21ORLEN Announces the Resignation of Michal Klimaszewski as Supervisory Board Member, Effective October 31, 2023On 20 October 2023 Mr. Michal Klimaszewski submitted a resignation with the effect from the end of 31 October 2023 from the position of ORLEN Supervisory Board Member.
공시 • Oct 14Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o.Orlen S.A. (WSE:PKN) acquired Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023. The wind farms have a total capacity of more than 140 MW. Orlen S.A. (WSE:PKN) completed the acquisition of Ujazd, Dobrzyca, and Dominowo wind farms in Poland from EDP RENEWABLES Polska Sp. z o.o. on October 12, 2023.
공시 • Sep 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) concluded the agreement to acquire DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on July 4, 2023. The terms and conditions of the Agreement do not deviate from the terms and conditions commonly applicable to this type of agreements. The closing of the transaction will take place after fulfillment of the conditions described in the Agreement, including receiving approvals from the relevant antitrust authorities and is planned for the turn of 2023 and 2024.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of DOPPLER Energie GmbH from Doppler Beteiligungs Gmbh on September 26, 2023.
Buying Opportunity • Sep 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €16.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 9.1% per annum. Earnings is also forecast to decline by 29% per annum over the same time period.
공시 • Sep 19Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A.Orlen S.A. (WSE:PKN) signed a preliminary deal to acquire a 74.11% stake in Energop Sp Z O O from Agencja Rozwoju Pomorza S.A. on September 18, 2023. The remaining stake is controlled by the Treasury. The deal is conditional on the consent from the antitrust body UOKiK.
Buying Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.3%. The fair value is estimated to be €16.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 31% per annum over the same time period.
Upcoming Dividend • Aug 02Upcoming dividend of zł5.50 per share at 7.7% yieldEligible shareholders must have bought the stock before 09 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%).
공시 • Jul 27Tauron Negotiates with OrlenTAURON Polska Energia S.A. (WSE:TPE) has started talks with the Orlen S.A. (WSE:PKN) (ORLEN Group) regarding the sale of shares in the combined heat and power plant in Stalowa Wola, and as part of the settlement, Tauron may acquire PGNiG TERMIKA Energetyka Przemyslowa S.A., a unit of Polish Oil and Gas Company (PGNiG), which in turn is a unit of the ORLEN Group. Commenting on the deal, Tauron Group's CEO Pawel Szczeszek notes that it is obvious that the group would be interested in Termika given Tauron's commitment to strengthen and develop its district heating segment in Slaskie Province.
공시 • Jul 06+ 1 more updatePolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 266 Petrol Stations in Austria from Doppler Beteiligungs Gmbh on July 4, 2023. Transaction is subject to approvals from the relevant antitrust authorities. The transaction is expected to close at the end of 2023 or the beginning of 2024.
공시 • Jun 09Orlen Eyes Takeover of Grupa Azoty PulawyPolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) and Grupa Azoty S.A. (WSE:ATT) have announced that they started talks with a view to a potential acquisition of the fertiliser maker Grupa Azoty Pulawy (Grupa Azoty Zaklady Azotowe "Pulawy" S.A) by Orlen, which said that if due diligence results were positive, the deal might be finalised by the end of 2023. Commenting on the matter, PKN Orlen's CEO Daniel Obajtek stressed that Orlen had by far greater capacity to stabilise the situation on the fertiliser market and that it also had a track record in such segments as gas trade and petrochemicals. "We count on synergies between Grupa Azoty Pulawy and Orlen on many levels," he added. Meanwhile, Grupa Azoty's CEO Tomasz Hinc noted that he hoped that the talks would be constructive and successful.
공시 • May 27Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna, Annual General Meeting, Jun 21, 2023, at 10:00 Central European Standard Time.
Reported Earnings • May 26First quarter 2023 earnings released: EPS: zł7.76 (vs zł6.48 in 1Q 2022)First quarter 2023 results: EPS: zł7.76 (up from zł6.48 in 1Q 2022). Revenue: zł110.3b (up 143% from 1Q 2022). Net income: zł9.01b (up 225% from 1Q 2022). Profit margin: 8.2% (up from 6.1% in 1Q 2022). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €15.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 3.2% per annum. Earnings is also forecast to decline by 37% per annum over the same time period.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: zł30.43 (vs zł26.00 in FY 2021)Full year 2022 results: EPS: zł30.43 (up from zł26.00 in FY 2021). Revenue: zł278.5b (up 112% from FY 2021). Net income: zł35.3b (up 218% from FY 2021). Profit margin: 13% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Feb 16PKN Orlen Fuels Discovers New 500 MCM Nat Gas DepositPKN Orlen discovered a new 500 mcm natural gas deposit in Lubelskie region.
Buying Opportunity • Feb 03Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €16.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to decline by 4.7% per annum. Earnings is also forecast to decline by 23% per annum over the same time period.
공시 • Jan 27Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) acquired PGNiG Energia SA on January 25, 2023. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of PGNiG Energia SA on January 25, 2023.
공시 • Jan 20Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) agreed to acquire 17 service stations in Bavaria and Baden-Württemberg on January 19, 2023. The transaction will be funded with proceeds from the sale of part of LOTOS service stations. The rebranding process will be completed within three months of the acquisition. The acquisition is expected to close by the end of February after the Group obtains clearance from the German antitrust authority and other approvals.
공시 • Dec 15Polski Koncern Naftowy ORLEN Spólka Akcyjna to Report Q3, 2023 Results on Nov 09, 2023Polski Koncern Naftowy ORLEN Spólka Akcyjna announced that they will report Q3, 2023 results on Nov 09, 2023
Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł20.24 (vs zł6.80 in 3Q 2021)Third quarter 2022 results: EPS: zł20.24 (up from zł6.80 in 3Q 2021). Revenue: zł73.0b (up 100% from 3Q 2021). Net income: zł12.7b (up 336% from 3Q 2021). Profit margin: 17% (up from 8.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: zł8.44 (vs zł5.20 in 2Q 2021)Second quarter 2022 results: EPS: zł8.44 (up from zł5.20 in 2Q 2021). Revenue: zł57.8b (up 97% from 2Q 2021). Net income: zł3.61b (up 62% from 2Q 2021). Profit margin: 6.2% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 19Upcoming dividend of zł3.50 per shareEligible shareholders must have bought the stock before 26 July 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%).
Buying Opportunity • Jul 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be €18.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to decline by 5.6% per annum. Earnings is also forecast to decline by 19% per annum over the same time period.
Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: zł6.48 (vs zł4.32 in 1Q 2021)First quarter 2022 results: EPS: zł6.48 (up from zł4.32 in 1Q 2021). Revenue: zł45.4b (up 85% from 1Q 2021). Net income: zł2.77b (up 50% from 1Q 2021). Profit margin: 6.1% (down from 7.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.9%, compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buying Opportunity • Apr 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.9%. The fair value is estimated to be €20.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 8.2% in 2 years. Earnings is forecast to decline by 64% in the next 2 years.
Reported Earnings • Apr 03Full year 2021 earnings released: EPS: zł26.00 (vs zł6.44 in FY 2020)Full year 2021 results: EPS: zł26.00 (up from zł6.44 in FY 2020). Revenue: zł131.3b (up 52% from FY 2020). Net income: zł11.1b (up 304% from FY 2020). Profit margin: 8.5% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 43% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 08Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be zł19.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18% per annum over the last 3 years.