M

Motor Oil Hellas Corinth Refineries SA
ATHEX:MOH

Watchlist Manager
Motor Oil Hellas Corinth Refineries SA
ATHEX:MOH
Watchlist
Price: 29.96 EUR 1.22% Market Closed
Market Cap: 3.3B EUR

Motor Oil Hellas Corinth Refineries SA
Investor Relations

Motor Oil Hellas Corinth Refineries SA stands as a beacon of the modern Greek energy sector, deeply rooted in the scenic landscape of Corinth. Established in 1970, it has grown to become one of the leading players in the European oil refining market. The company operates a state-of-the-art refinery that distinguishes itself with a complex refining process designed to produce a wide variety of petroleum products. The intricate dance of distillation and chemical processes allows Motor Oil Hellas to convert crude oil into essential products such as gasoline, diesel, and lubricants, meeting both local and international demand. This ability to efficiently refine products makes it a key supply chain pillar for the industry, enabling steady revenue streams through sales in both wholesale and retail markets.

Beyond refining, Motor Oil Hellas has diversified its portfolio, intertwining traditional energy operations with a progressive approach towards renewable energy. Through strategic investments and partnerships, the company is venturing into new arenas such as electricity generation from natural gas and renewable sources, including wind and solar. Moreover, its extensive network of petrol stations underpins a robust distribution mechanism, ensuring the products reach a broad consumer base while capitalizing on retail margins. This diversification strategy not only provides resilience against the cyclical nature of the oil industry but also positions Motor Oil Hellas to capture value from the ongoing energy transition, securing its position as a formidable force in the evolving energy landscape.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2021
Call Date
Nov 24, 2021
AI Summary
Q3 2021

Record Sales Volumes: Motor Oil achieved its highest ever quarterly sales, surpassing 4 million metric tons.

Profitability Recovery: Profitability improved significantly, aided by recovering refining margins and demand normalization.

Strong Domestic Demand: Greek market rebounded sharply, with Q3 transport fuel consumption almost matching pre-pandemic levels.

Dividend Restarted: The company reinstated its dividend, reflecting confidence after a year of losses.

CapEx Guidance Lowered: 2022 CapEx is set to be lower than 2021, mainly due to the reformer project nearing completion.

Energy Cost Mitigation: Shifted refinery fuel mix away from gas to in-house produced naphtha and LPG to reduce exposure to high energy prices.

Normalizing Retail Energy: Power retail business impacted by high electricity prices in Q3, but situation normalizing by Q4.

Key Financials
Refinery Crude Throughput
190,000 barrels per day
Gasoline Sales Growth
26% increase in Q3
Jet Fuel Sales Growth
Almost doubled YoY
Total Sales Volume
4,030,000 metric tons (Q3)
Greek Market Q3 Fuel Volume
664,000 metric tons
Q3 Refinery Margin Per Barrel
7.3%
9-Month Refinery Margin
Just under 7%
Parent Company EBITDA (Q3)
EUR 114 million
Parent Company EBITDA (9M)
EUR 285 million
Parent Company EBIT (Q3)
EUR 70 million
Parent Company EBIT (9M)
EUR 174 million
Group EBITDA (Q3)
EUR 38 million
Group EBITDA (9M)
EUR 306 million
Operating Cash Flow (Q3)
EUR 107 million
Reformer Project CapEx (2021)
EUR 120 million spent
Net Debt
Slightly reduced vs last year
Other Earnings Calls

Management

Mr. Ioannis N. Kosmadakis
Deputy CEO & Director
No Bio Available
Mr. Yannis V. Vardinoyannis
CEO & Vice Chairman
No Bio Available
Mr. Manos A. Christeas
General Manager of Finance
No Bio Available
Mr. Nikos K. Giannakakis
GM of Information Technology & Chief Information Officer
No Bio Available
Ms. Mary A. Psyllaki
Investor Relations Officer
No Bio Available
Mr. George I. Prousanidis
General Counsel & Secretary
No Bio Available
Mr. Theofanis Chr. Voutsaras
General Manager of Human Resources
No Bio Available
Mr. Ioannis Dimakis
Head of Shareholders' Office & Corporate Announcements Officer
No Bio Available
Mr. Philip Malergos
Financial Controller
No Bio Available
Mr. James Douglas McTurk
General Manager of Finance & Information Systems
No Bio Available

Contacts

Address
ATTIKI
ATHINA
12A Irodou Attikou Street, Maroussi
Contacts
+302108094000.0
www.moh.gr