Dividend distribution of €1.80 per share, the highest in the group’s history

The turnover of the Motor Oil group for the year 2023 was 13.3 billion euros compared to 16.6 billion euros for the year 2022, showing a decrease of 19.93%. The development was driven by a 3.54% decline in sales volume, coupled with a 18.37% drop in average oil product prices (expressed in US dollars) over FY2022 prices and weakening US dollar against the euro by 2.62%, as most of the parent’s sales are exports priced in US dollars. As regards the decrease in the group’s sales volume for the year 2023 compared to the year 2022, this is due to the work of the extensive periodic maintenance program carried out on almost all of the units of the parent company’s refinery in the period May – July 2023.