OREANDA-NEWS. The Supervisory Board of Grupa LOTOS S.A. approved the directions of the '2013-15 Efficiency and Growth' programme, which will facilitate implementation of the Company's strategy and deliver steady value growth for shareholders.

The primary objectives of the '2013-15 Efficiency and Growth' programme are improvement of the Company's financial indicators, and achievement of continued growth through restructuring efforts and investments in the core business.

“While everyone else is struggling to stay afloat, we know how to win the future," explained Pawel Olechnowicz, Group CEO. “The '2013-15 Efficiency and Growth' programme is our insurance policy for the security and stability of the Group in turbulent market conditions. On one hand, we designed the programme to support the continued effective implementation of our strategic objectives and to widen our market lead, and on the other hand, to attain various other goals, such as the further efficient growth of our subsidiaries, unlocking of their investment potential, and facilitating access to various funding sources.”

The '2013-15 Efficiency and Growth' programme was developed by the Grupa LOTOS Management Board and has received full approval from the Group's employees and trade unions.

Today, LOTOS is a strong, stable organisation. It is the second largest company in Poland in terms of revenue, and the eighth largest in Central and Eastern Europe. Our visibility in the rankings is a result of making the right decisions and taking the right steps on a proactive basis. This includes the effective implementation of the 10+ Programme, the Package of Anti-Crisis Measures, and our Optimal Expansion Programme.