2327 GMT - Investors seem to agree with Barrenjoey's view that gas-station owner Viva Energy's earnings outlook is very underwhelming. Viva Energy's share price slumps 20% to its lowest level in around four years after it forecast 1H replacement-cost Ebitda of A$270 million-A$330 million for its Convenience & Mobility and Commercial & Industrial businesses combined. "With C&I tracking at A$200 million-A$230 million per half year, (it) implies a very soft outlook for C&M, and this is further exacerbated by Liberty acquisition, cost-out, and BP wholesale supply," analyst Dale Koenders says. Barrenjoey says Viva Energy's guidance assumes continued weakness in retail fuel margins, higher transition costs and the impact of illicit tobacco sales.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 24, 2025 18:27 ET (23:27 GMT)
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