The Management Board of Grupa LOTOS S.A. announces that in line with the adopted schedule, a routine maintenance shutdown will take place at the Gdańsk refinery of Grupa LOTOS S.A. from March 3rd to April 15th 2017. Such routine maintenance operations are carried out every four years.
The shutdown will reduce the refinery's processing capacity by ca. 9% in 2017.
The estimated direct cost of the shutdown will reduce the Group's 2017 consolidated operating profit by approximately PLN 0.2bn.
Despite the shutdown, the refinery will continue to dispatch and sell products (stocked in storage tanks or purchased from third party suppliers). The shutdown will not affect the Company's ability to meet its contractual commitments.
Legal basis: Article 17(1) of MAR – Inside information.