Australia's Viva Energy falls on lower C&I earnings outlook, weak margins

Viva Energy

28/01/2025 24:13

** Shares of Viva Energy Group  VEA.AX  fall 2.8% to A$2.75,
their biggest intraday pct fall since Dec 19
    ** The fuel retailer hits lowest level since Jan 13
    ** Co sees convenience and mobility (C&I) EBITDA to be near
the bottom of its guidance range of A$230 mln ($144.16 million)
to A$260 mln for FY24
    ** Sees FY24 unaudited Group EBITDA of A$750 mln, higher
than A$712.8 mln in FY23
    ** Flags A$20 mln impact from a power outage at Geelong
Refinery earlier this month
    ** Posts 4Q total group sales volumes of 4.36 bln litres,
largely unchanged from 4.32 bln litres last year
    ** Says Geelong Refining Margin $6.7/BBL, about 24% lower
than last year
    ** Stock up 3.8% this year, as of last close

   ($1 = 1.5954 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))