London, United Kingdom, 6 March 2019: Vivo Energy plc, the retailer and marketer of Shell and Engen branded fuels and lubricants in Africa, today announces its consolidated financial results for the year ended 31 December 2018.
Christian Chammas, CEO of Vivo Energy plc, commented: “This has been a remarkable year for Vivo Energy and we are pleased to have met our objectives for the period and delivered a strong first set of results as a public company. In 2018, we achieved volume growth of 4% at a gross cash unit margin of $73 per thousand litres, which drove adjusted EBITDA of $400 million. The completion of the transaction with Engen is transformational for our business, adding operations in eight new countries under a strong, well-respected brand. During 2018 we have proved the resilience of the Group’s footprint in the face of challenges in some markets. Looking forward we continue to see significant growth opportunities across our portfolio as we continue to enhance our position in our fast-growing markets across Africa.”
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