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Segment’s key data

Financial highlights (PLNm)

* Data not restated, as reported.
** Data restated according to the new segmentation of the PGNiG Group’s operations

Financial highlights (PLNm)

 m PLN
2017 2016** 2015* 2014* 2013*
Revenue 459 362 325 325 424
EBITDA (162) (187) 12 (49) (44)
* Data not restated, as reported.
** Data restated according to the new segmentation of the PGNiG Group's operations

Operations in 2017

As part of the efforts to enhance the Group’s image, in April 2017 PGNiG adopted the „PGNiG Group Sustainable Development Strategy 2017–2022”. In 2017, the PGNiG Group also increased its engagement in R&D and innovation projects. Examples include the launch of INGA – Innovative Gas – the largest research programme at the PGNiG Group, and the InnVento initiative – the first business incubator in the oil and gas sector.

 

The CLPB provides services such as tests of accuracy and reliability of measurements of the quality and quantity of natural gas, testing of measuring devices and systems as well as technical analyses, opinions and technical expert reports. In 2017, it provided services related to the supervision of the cargo settlement system at the Świnoujście terminal, validation of gas chromatographs for the purposes of natural gas settlements, calibration of measurement systems at facilities on the Yamal pipeline and at the LNG terminal in Świnoujście, etc. The largest customers of the branch include members of the PGNiG Group, GAZ-SYSTEM and EuroPolGaz SA.

PGNiG Technologie implements comprehensive projects to construct crude oil and natural gas production facilities and natural gas transmission facilities. In 2017, it provided services mainly to members of the PGNiG Group, relating to development of fields and wells as well as supply of well surface equipment. Exports in 2017 comprised finished products, the main markets being Norway, Pakistan and Ukraine.

In 2017, shares in Polimex-Mostostal SA were purchased.

The principal business of PGNiG Serwis is the provision of comprehensive finance and accounting services, HR and payroll services, ICT services, project management support, property management, vehicle fleet management, porter and reception services, and direct physical security services for the PGNiG Group companies. PGNiG Serwis acts as a Shared Services Centre for 15 companies of the PGNiG Group.

Gazoprojekt provides consultancy and design services at all stages of administrative procedures: development of technical and economic project assumptions, and drafting of documentation and project execution plans. It performs feasibility and environmental studies, drafts documents required under relevant regulations, produces design and as-built documentation, and prepares 3D visualisations. In 2017, there was a significant increase in the number of requests for proposal concerning large infrastructure projects in the industry on the Polish market: gas transmission and distribution pipelines and gas compression stations.

Geovita’s business involves leisure-related activities, spa treatment services, health protection, medical rehabilitation, and provision of conference and training services. Geovita’s facilities are located in Dąbki, Mrzeżyno, Dźwirzyno, Jadwisin near Serock, Płotki near Piła, Jugowice, Lądek-Zdrój, Zakopane, Wisła, Złockie near Muszyna, and Krynica-Zdrój. Geovita also leases and manages three hotels: the Orient in Kraków, Bukowy Dworek in Gronowo near Łagów, and Perła Bieszczadów near Ustrzyki Dolne. In 2017, changes were made in Geovita’s operations, in order to reduce operating expenses and use resources more efficiently.

In 2017, cooperation with Polski Gaz TUW was continued with respect to insurance contracts for both PGNiG and PGNiG Group members. The company provides insurance mainly to PGNiG Group companies on the basis of members’ mutuality within the company, which allows it to tailor the insurance services to policyholders’ needs through their actual contribution to the Company’s operation and the ability to directly report their insurance needs. Mutual insurance company Polski Gaz TUW was established within the PGNiG Group in order to improve the quality of insurance services used by the PGNiG Group entities, as well as to increase the cost efficiency. The first insurance policies issued by Polski Gaz TUW for the PGNiG Group companies were effective from January 1st 2017.

In H1 2017 steps were taken as a result of which from July 1st 2017 property, civil liability, and fleet insurance protection was renewed for the PGNiG Group companies. At the beginning of 2018, protection provided under the upstream business insurance for PGNiG was renewed. Steps are also planned to again renew property, civil liability, and fleet insurance protection for the PGNiG Group companies.