December 15 (SeeNews) - Slovenian fuel retailer Petrol [LJE:PETG] said on Friday it plans to finish 2018 with a consolidated net profit of 86.9 million euro ($102.4 million) and sales revenues of 4.5 billion euro.
The company targets a consolidated net profit of 74.7 million euro this year, it said earlier.
The Petrol Group will achieve the results planned for 2018 by selling 3.1 million t of petroleum products, 178,400 t of liquefied petroleum gas, 18.2 million MWh of natural gas, 140,200 MWh of heat, as well as through merchandise sales of 550.4 million euro and electricity production and trade, it said in a Ljubljana bourse filing.
Petrol's consolidated EBITDA is planned to amount to 170.1 million euro in 2018, 55% of which will be generated through petroleum product sales, 19% through merchandise sales, 14% through energy and environmental systems, 8% through LPG sales and 4% through the sales of and trading in other energy products.
At the end of 2018, Petrol's retail network will consist of 498 service stations, three stations more than at the end of 2017, of which 319 in Slovenia, 106 in Croatia, 38 in Bosnia and Herzegovina, 13 in Serbia, 11 in Montenegro and 11 in Kosovo.
The Petrol Group plans to invest 99 euro million in fixed assets in 2018. It's investment policy will be focused on consolidating its sales position in Slovenia, boosting sales in SE Europe, and on expanding operations in the area of energy and environmental systems.
($=0.8485 euro)