LJUBLJANA (Slovenia), March 13 (SeeNews) – Slovenian energy group Petrol [LJE:PETG] said on Friday its consolidated net profit rose 15% year-on-year in 2019, reaching 105.2 million euro ($118.1 million).
The Petrol Group sales revenue rose by an annual 1% to 4.4 billion euro last year, it said in a bourse filing.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) totalled 196.5 million euro last year, a 9% increase compared to 2018.
The energy group booked an adjusted gross profit of 472.9 million euro in 2019, up 7% on 2018. It was mainly the result of higher sales of petroleum products, liquefied petroleum gas and natural gas as well as of revenue from energy and environmental solutions, it said.
In 2019, Petrol Group sold 3.7 million tonnes of oil products, 6% more than in 2018.
Petrol d.d., Ljubljana has been closely monitoring the situation surrounding the coronavirus since its outbreak, the group also said, adding that there have been no disruptions of operations so far. “Petrol d.d., Ljubljana has in place action plans to ensure energy product supply should the situation deteriorate. The company will adapt its follow-up actions to the situation as it develops.”
At the end of 2019, the Petrol Group operated 509 service stations, of which 318 in Slovenia, 110 in Croatia, 42 in Bosnia and Herzegovina, 14 in Serbia, 14 in Montenegro and 11 in Kosovo.
Petrol's shares last traded at 316.0 euro on the Ljubljana Stock Exchange on Thursday, down 7.06%.
($ = 0.8904 euro)
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