Viva Energy Group Posts Higher Total Group Sales Volumes in Q4; Shares Fall 3%

MT Newswires Live
01-28

Viva Energy Group reported a 1% increase in total group sales volumes to 4.36 billion liters in the fourth quarter of 2024, compared with the prior-year period's 4.32 billion liters, according to a Monday filing with the Australian bourse.

Commercial and Industrial fuel volumes achieved a record quarterly sales of 3.01 billion liters, compared with 3 billion liters, while Convenience and Mobility fuel sales reached 1.35 billion liters, compared with 1.32 billion liters last year, the filing said.

Sales volume in 2024 rose 4% to 16.82 billion liters from 16.2 billion liters in 2023, per the filing.

The company anticipates an unaudited group earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$750 million for the full 2024 year, while the Convenience and Mobility EBITDA is expected to fall near the bottom of its guidance range of between AU$230 million and AU$260 million, per the filing.

Shares fell 3% in afternoon trade on Monday.

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