BUZZ-Australia's Viva Energy falls on lower C&I earnings outlook, weak margins

Reuters
01-28
BUZZ-Australia's Viva Energy falls on lower C&I earnings outlook, weak margins

** Shares of Viva Energy Group VEA.AX fall 2.8% to A$2.75, their biggest intraday pct fall since Dec 19

** The fuel retailer hits lowest level since Jan 13

** Co sees convenience and mobility (C&I) EBITDA to be near the bottom of its guidance range of A$230 mln ($144.16 million) to A$260 mln for FY24

** Sees FY24 unaudited Group EBITDA of A$750 mln, higher than A$712.8 mln in FY23

** Flags A$20 mln impact from a power outage at Geelong Refinery earlier this month

** Posts 4Q total group sales volumes of 4.36 bln litres, largely unchanged from 4.32 bln litres last year

** Says Geelong Refining Margin $6.7/BBL, about 24% lower than last year

** Stock up 3.8% this year, as of last close

($1 = 1.5954 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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