2017 Annual Report

The Annual Report provides a concise and integrated overview of the financial and non-financial achievements of NIS Group in 2017 and shows how the Group’s strategic goals, corporate governance, achieved results and realized potential, in conjunction with the external environment, lead to generating the value in the short, medium and long term.

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Letter to Shareholders

In 2017 we set our focus on
sustaining profitability and improving
operational efficiency.

Vadim Yakovlev
Chairman of Board of Directors of
NIS j.s.c. Novi Sad

We concluded 2017 by establishing
a new development strategy to 2025 for NIS.
This laid the foundation for
further development.

Kirill Tyurdenev
General Director of
NIS j.s.c. Novi Sad



Investments in 2017


bn RSD

In 2017


development and


exploration wells drilled in Serbia

Net profit


bn RSD


higher year-on-year

Increase in hydrocarbon reserves of


Start of active phase in the construction of the Delayed Coking Unit as part of ‘Bottom of the Barrel’ Project

More about project

Electricity generation


Refining volume


thousand tonnes –

Sales volume


thousand tonnes –

NIS Worldwide

Through its subsidiaries and representative offices, NIS is present in 10 countries.

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NIS j.s.c. Novi Sad Organisational Structure

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Strategy 2025

In 2017, a new Integrated Corporate Strategy 2025 was adopted, which will provide further growth, as well as profitability for shareholders, employees and the wider community.

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Key Performance Indicators

Operating Indicators

Financial Indicators


Transparent relations with its shareholders and comprehensive and timely notification of investors on relevant activities of the Company are part of the NIS strategy.

Social responsibility


million RSD to support
sports, culture, education, science
and local communities


million RSD to
the socio-economic development
of these municipalities and cities



We at NIS believe that our business success is not complete unless we use it to provide citizens with energy for positive changes. By carefully listening to the growing needs of the community, NIS has been the leading social investor in Serbia for years. In 2017 alone, NIS allocated around RSD 370 million to support sports, culture, education, science and local communities across the country.

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Over the past nine years, through the ‘Together for the Community’ programme NIS supported more than 900 projects, which contributed to the socio-economic development. In 2017, NIS allocated RSD 110.5 million for 42 projects in this programme.

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Human Resources

NIS mission is to provide people with energy to move towards an improvement, and its employees are its driver and the key to its success.

Environmental Protection

In 2017, we continued to improve environmental protection by carrying out environmental projects and investing RSD 479 million in them.

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Occupational Safety

Caring about the safety and protection of health of our employees, contractors, third parties and local population is a priority for NIS.

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