Viva Reaffirms H1 EBITDA Guidance

MT Newswires Live
05-06

Viva Energy Group (ASX:VEA) said it remains on track to deliver first-half earnings before interest, taxes, depreciation, and amortization of AU$270 million to AU$330 million from its non-refining businesses, according to a Tuesday filing with the Australian bourse.

In the second half of the year, the company plans to deliver AU$30 million in convenience and mobility synergies and AU$50 million in group cost savings, the filing said.

The company will also open up to 60 on-the-run stores and prepare to exit its Coles supply agreement by May 2026, the filing added.

Viva Energy Group's shares were up almost 1% in recent Tuesday trade.

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