LUKOIL Technology

Performance indicators

2023: Revenue growth of 75 %

As TAdviser found out, in 2023, the revenue of its subsidiaries Lukoil - LUKOIL Technologies - increased by 75% compared to 2022 and amounted to about 19.1 billion rubles. According to the database of legal entities "Kontur. Focus," "LUKOIL Technology" ended the year with a net profit of 529.6 million rubles.

source = PJSC Lukoil Telegram channel

From the explanations to the balance sheet and the report on financial results for 2023, published in the database of the Federal Tax Service, it follows that the largest share of revenue - over 9.2 billion rubles - fell on the direction of integrated management systems and corporate information systems. It includes the development and support of all centralized, sectoral and specialized information systems that ensure the operation of Lukoil Group enterprises: from intelligent solutions for intelligence and mining enterprises to the corporate system of management of sales organizations.

Central to all systems is a global solution, the Integrated Management System (IMS). It was introduced in more than 100 organizations of the Lukoil group, it is used by about 18 thousand employees of the company.

The technological basis of the ICS is. software SAP Judging by the published vacancies, despite the departure of the German vendor from, Russia its active development continues in 2024. So, in one of the vacancies opened in March 2024, it is said that Lukoil is now implementing a program to create a unified integrated system of grassroots budgeting and tax planning on the SAP BPC^[1]) platform.]

The direction of integrated management systems and corporate information systems by share in the turnover is followed by construction, installation and design and survey work - revenue from them amounted to about 2.8 billion rubles, as well as computer and office equipment - 2.1 billion rubles.

About 972 million rubles of the company brought a direction related to local information systems. Here, the technological basis is represented by 1C products. It includes accounting information systems for the centralized business process of accounting and tax accounting of Lukoil Group enterprises.

And about 917 million rubles of revenue in 2023 "LUKOIL Technology" brought the direction of information security.

Among the major IT projects of 2023 at Lukoil is a complete transition to a system of personnel electronic document management (KEDO). After testing at several enterprises of the company, from the beginning of 2023, a phased transition of all Russian subsidiaries^[2] was planned at KEDO].

The average number of employees at LUKOIL Technologies in 2023 reached 1.119 thousand people, while in 2022 it was 918 people, as indicated in the explanations to the balance sheet and financial results report.

The turnover of LUKOIL Technologies in 2023 increased against the background of a decrease in revenue and net profit of its parent company, PJSC Lukoil: for the latter, these indicators decreased by 4% and 17%, respectively.

History

2022: Revenue growth by 17.9% to RUB 10,889 million

At the end of 2022, the revenue of LUKOIL Technologies increased by 17.9% to 10,889 million rubles (revenue from the financial statements for 2021-2022 excluding VAT). In the ranking " TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 48th place.

2021: Revenue growth by 13.1% to RUB 9,238 million

At the end of 2021, LUKOIL Technology 's revenue amounted to 9,238 million rubles, an increase of 13.1% compared to 2020, which allowed it to take 61st place in the ranking of TAdviser100: The largest IT companies in Russia 2022. The revenue from the financial statements for 2020-2021 is indicated. Excluding VAT.

2020: Revenue growth by 0.4% to RUB 8,171 million

At the end of 2020, LUKOIL Technology 's revenue amounted to 8,171 million rubles, an increase of 0.4% compared to 2019, which allowed it to take 53rd place in the ranking of TAdviser100: The largest IT companies in Russia 2021.

2018: Creation of the company. CEO Rinald Khamidullin

In November 2018, OOO LUKOIL Technologies was registered. It, like OOO Lukoil-Inform, is 100% owned by PJSC LUKOIL. Rinald Khamidullin was appointed General Director. In February 2019, it became known that the management of the parent company decided to withdraw LUKOIL-Inform beyond the perimeter of the group. In free float, the company will provide communication and telecommunications services.

It was reported that LUKOIL Technologies will focus on IT services for integrated management systems, information security, VIP services, and maintenance of corporate IT infrastructure.

"LUKOIL-Technologies as an integrator of information solutions of the LUKOIL Group today has ambitious tasks. To solve them, competence centers are created for critical IT services and innovative areas. The company will be assigned to the implementation of IT projects, technical support for users and services related to information security, as well as ensuring the operation of the corporate infrastructure of ITO, "said Alexander Podolsky, Head of the ITO Department of PJSC LUKOIL.