The Slovenia Times

Petrol group plans EUR 4.5bn in sales next year

Nekategorizirano


The group plans to realise the set objectives by selling a total of 3.1 million tonnes of petroleum products, 178.4 thousand liquefied petroleum gas and 18.2 million MWh of natural gas.

Petrol also plans to sell 140.2 thousand MWh of heating energy and generate EUR 550.4m in revenue from sales of merchandise.

The fuel retail network is expected to expand by three filling stations to 498 by the end of 2018, of which 319 in Slovenia, 106 in Croatia, 38 in Bosnia-Herzegovina, 13 in Serbia and 11 in Montenegro and Kosovo each.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) are expected to stand at EUR 170.1m, 55% of which is expected to be generated by sales of petroleum products and 19% by sales of merchandise.

The group's net profit is planned to amount to EUR 86.9m, while the planned investments in fixed assets in 2018 stand at EUR 99m.

According to the plan, focus will be on expanding sales both in Slovenia and foreign markets and operations in energy and environmental systems and on developing innovative business models and digitalisation.

Compared to the same period last year, the Petrol group improved its results in the first three quarters of 2017, increasing net sales revenues by 23% to EUR 3.3bn. Net profit was up by 5% to EUR 60.3m.

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