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Serbia

Company Overview of Naftna Industrija Srbije A.D.

An EMIS Company Report EMIS is an ISI Emerging Markets Group Company Company Description

Serbian oil monopoly Naftna Industrija Srbije (NIS) is one of the country's largest companies. It is primarily engaged in the following areas - oil and gas exploration, production and refining, sales and distribution of petroleum products, implementation of petrochemical and energy projects. The company, which was established in 1968, operates two refineries in the towns of Pancevo and Novi Sad. Approximately USD 700 million were needed to upgrade both facilities that were badly damaged during the NATO air strikes on Yugoslavia in 1999. It also runs a LPG production unit in Elemir. In July 2005, NIS signed a memorandum of understanding on setting up a 50-50 joint venture with Russia's oil company LUKOIL. Under the agreement, NIS would refine 1.5-4.5 million tonnes of LUKOIL's crude per year.
In October 2005, NIS launched a restructuring plan designed to split the company into four units by spinning off non-core from core activities. The government set up two public companies operating oil and gas pipelines. The third company is NIS and it handles crude oil exploration, refining, distribution and trade. Another unit is in charge of the hotels and restaurants previously run by the monopoly.
At end of January 2009, Russian Gazprom paid EUR 400 million to acquire a 51% stake in NIS. The Russians took control of the Serbian oil monopoly through oil company Gazprom Neft.
In 2010, as a part of the government’s share giveaway plan, some 5 million citizens, employees and former workers received free NIS shares and thus the state decreased its stake in the company from 49% to 29.7%. In June 2010, NIS was transformed into a public company and on August 30th it was listed on the local stock exchange.
Naftna Industrija Srbije operates a retail network of more than 350 retail facilities on the territory of Serbia. It exports motor fuel, benzene, toluene, asphalt bitumen and industrial bitumen to the EU, Ukraine, Croatia, Montenegro, Bosnia and Herzegovina.

Need a report on this company? USD 29.95 Industry: Crude Petroleum Extraction Available in: English Format: PDF Download Most recent financial data: 2017 Buy full report

Report contents

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NAICS Industry Classification
Main Activities: Crude Petroleum Extraction | Natural Gas Extraction | Petroleum Refineries
Secondary Activities: Petroleum and Petroleum Products Merchant Wholesalers | Asphalt Paving, Roofing, and Saturated Materials Manufacturing | Gasoline Stations with Convenience Stores | Petroleum Lubricating Oil and Grease Manufacturing
Contact Information

Headquarters
Narodnog Fronta 12
Novi Sad; South Backa; Postal Code: 21000

Tel: +381-21-481-
Fax: +381-21-481-

Email:
@nis.eu; servis.akcionara@nis.eu

Website:
http://www.nis.eu/

Basic Information
Total Employees:
4,045 (2017)
Outstanding Shares:
Provided in the purchased report
Registered Capital:
Provided in the purchased report
Financial Auditors:
Provided in the purchased report
Incorporation Date:
October 01, 2005
Key Executives
Provided in the purchased report
Chairman of the Board of Directors
Provided in the purchased report
Member of the Board of Directors
Provided in the purchased report
Member of the Board of Directors
Provided in the purchased report
Member of the Board of Directors
Provided in the purchased report
Member of the Board of Directors
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Ownership Details
Gasprom Neft (Russia)
56.15%
Republic of Serbia
29.87%
Akcijski Kapital
11.73%
Kastodi Racun
1.98%
Awll Communications D.O.O.
0.14%
Subsidiaries
Naftagas - Transport D.O.O.
100%
Naftagas-Naftni Servisi D.O.O.
100%
Naftagas-Tehnicki Servisi D.O.O. Zrenjanin
100%
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M&A deals (Not included in report)

Report contents

On purchasing the report for this company you will have access to a PDF containing the most recent data for Naftna Industrija Srbije A.D. Novi Sad from the EMIS database.

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Key Financial Highlights
Annual growth percentages* for latest two years in USD terms. Absolute financial data is included in the purchased report.
Net sales revenue
27.94%
Total operating revenue
27.94%
Operating profit (EBIT)
EBITDA
29.36%
Net Profit (Loss) for the Period
5.59%
Total assets
8.98%
Total equity
13.83%
Operating Profit Margin (ROS)
Net Profit Margin
Return on Equity (ROE)
-0.9%
Debt to Equity Ratio
33.89%
Quick Ratio
-6.08%
Cash Ratio
-22.3%
* Growth figures are affected by the currency rate changes.
Company News (Not included in report)
Industry News (Not included in report)
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