Achievements and forecasts

Business environment

The success of the 10+ Programme served as the basis for the strategy of Grupa LOTOS, focusing on the exploration & production and the marketing segment.

The economic climate in 2010 was markedly different from that seen in the previous year. The world’s largest economies pulled out of the recession, while emerging markets saw their growth rates accelerate. Global GDP was on a fast track, although the worldwide recovery was still quite susceptible to any negative data.

To maintain positive GDP momentum in 2010, the states had to take an interventionist role and issue a number of guarantees intended to gradually rebuild economic relations. The role of the state authorities as the primarily guarantors of access to capital will also be called for in 2011, especially to ensure monetary stability. The economic improvement observed in 2010 fuelled demand for oil, driving up the prices of that commodity.

Business profile and scope

The LOTOS Group is a leader in production and sales of engine oils, modified bitumens and paraffin in Poland.

Business strategy

Our strategy calls for mitigating the negative environmental impact and valuing the intellectual capital of our employees.

Key risks, opportunities and challenges in the context of sustainable development

Compared to 2009, some of the operating, financial and market-related risks were relatively reduced.