ORLEN Again Tops the Prestigious “500 List” of the Rzeczpospolita Daily
PKN ORLEN has once again topped the ranking of the largest Polish companies published by the Rzeczpospolita daily. Moreover, in this year’s edition the Company has ranked third in terms of net profit improvement.
The “500 List” features companies which have recorded the best financial performance. While preparing the report, the judging panel took into account the information for 2010. According to analysts, the “500 List” winner’s lead over its competitors is becoming more and more pronounced. Taking into consideration sales revenue, PKN’s advantage over the second company in the ranking has increased over threefold.
- Last year was one of the best on record. The Company’s revenue grew by 23% year on year, to PLN 83bn, while net profit nearly doubled and reached PLN 2.5bn. In addition, we successfully implemented a series of optimisation projects and reduced debt by PLN 2.5bn, which has given us financial security. All those efforts have been reflected in improved ratings and stock performance - said Jacek Krawiec, President of the Management Board.
- The last three years have demonstrated that there are no givens in business and no success comes for free, without effort. Each and every złoty of revenues generated by the companies recognised in the ranking followed from their ability to manage frequently conflicting needs, made all the more difficult by the market perturbations we all had to confront. Thank you for appreciating our work. I would also like to thank the management staff of PKN ORLEN for another year of successfully reconciling the need for austerity with the need for business expansion - said the President.
Jacek Krawiec added that the Company’s current standing made it comfortably placed to undertake the development programmes planned for the coming years.
- We’re about to begin an update of the Company’s strategy to focus it on PKN ORLEN’s transformation into a modern multi-utility - noted the President.
The „500 List” has been published by the Rzeczpospolita daily for 13 years. For the last 12 years, PKN ORLEN has been among its leaders, taking one of the first three places in the ranking. Furthermore, ORLEN topped the last year’s “2000 List” compiled by Rzeczpospolita, as well as the Most Valuable Polish Brands ranking published by the same daily.
