Slovenian fuel retailer Petrol plans to boost profit next year

Slovenian fuel retailer Petrol said today it plans to finish 2018 with a consolidated net profit of 86.9 million euro ($102.4 million) and sales revenues of 4.5 billion.

The Petrol Group plans to invest 99 euro million in fixed assets in 2018. It's investment policy will be focused on consolidating its sales position in Slovenia, boosting sales in SE Europe, and on expanding operations in the area of energy and environmental systems.

At the end of 2018, Petrol's retail network will consist of 498 service stations, three stations more than at the end of 2017, of which 319 in Slovenia, 106 in Croatia, 38 in Bosnia and Herzegovina, 13 in Serbia, 11 in Montenegro and 11 in Kosovo

Petrol's consolidated EBITDA is planned to amount to 170.1 million euro in 2018, 55% of which will be generated through petroleum product sales, 19% through merchandise sales, 14% through energy and environmental systems, 8% through LPG sales and 4% through the sales of and trading in other energy products.