Annual Report 2011


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Grupa LOTOS S.A. - Integrated Annual Report 2011
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Achievements and forecasts

In 2011, the LOTOS Group managed to prove that, even amid extremely challenging circumstances, it could remain on track to achieving its strategic goals: strengthening the market position, adding value for shareholders and ensuring customer satisfaction.

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In 2011, sales revenues stood at PLN 29,259.5m, which was a nearly 49% increase on 2010.

Vision, reason and flexibility are the keys to the LOTOS Group's business efficiency.

Grupa LOTOS is a modern and dynamically managed company, driven by a realistic strategy, and highly qualified and motivated staff.

The strategy consolidates the Company's position as an entity which plays a crucial role in ensuring security in the energy sector.

Grupa LOTOS has adjusted its strategy to the changeable market conditions and global macroeconomic threats.

The Company strives to build salt caverns in Pomerania, which is a perfect place for a regional energy hub.

2011 brought an increase in geopolitical risks stemming from the regions which are major global oil suppliers.

The 2011 economic results provide an excellent springboard for further development of the Company.

In 2011, Grupa LOTOS won the 1st place in the “Investor relations” category of the annual ranking “Listed Company of the Year”.

Further development of the exploration and production segment is the priority of the Company's 2011-2015 strategy.

The new installations of the 10+ Programme provide high quality products and offer the deepest level of conversion.

A total of 63 new service stations launched by the Company in 2011 is a record-high annual increase on the Polish retail fuel market.