Slovenia's Petrol targets 33 pct rise in profit by 2022

Petrol dd Ljubljana

19/06/2018 11:02

LJUBLJANA, June 19 (Reuters) - Petrol  PETG.LJ  is targeting
a 3 percent rise in group net profit to 116 million euros
($133.85 million) in 2022, Slovenia's largest fuel retailer said
in a statement on Tuesday.
    Sales are expected to reach 5.3 billion euros in 2022, up 17
percent from this year, it said.
    "Investments in fixed assets are expected to reach 521
million euros in the period from 2018 to 2022, which is an
important basis for efficient growth, development and business
performance in the long-term," the company said.
    It plans to increase its number of filling stations to 548
from some 500 seen at the end of 2018. 
    Petrol operates filling stations in Slovenia, Croatia,
Serbia, Bosnia, Montenegro and Kosovo.
    ($1 = 0.8666 euros)

 (Reporting by Marja Novak; editing by Jason Neely)
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))