NIS Presents Q1 2018 Operating Results at Belgrade Stock Exchange

April 27, 2018

Fedorov pointed out that in the first quarter NIS Group made a net profit of RSD 3.7 billion, whereas EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) amounted to RSD 8.9 billion. With regard to Q1 performance indicators, the professional audience was also informed that the NIS Group achieved the planned hydrocarbon output in the upstream segment, that the volume of refining and finishing increased by 3 per cent and that the total volume of sales increased by 7 per cent. The main projects for the Energy, Sales and Distribution and Refining Blocks were presented, as well. In the end, it was concluded that the NIS Group had achieved an increase in the volume of sales and made good macroeconomic assumptions for the first quarter. Following the presentation, the Director of Finance, Economics, Planning and Accounting answered questions from the professional audience.