Slovenia, Petrol expects 117 million euros profit in 2023

, SEE Energy News

Slovenian energy group Petrol said that it expects to record a net profit in the amount of 117 million euros in 2023.

The statement from the group said that it expects to record revenues in the amount of 10.2 billion euros in 2023 through the sale of 4 million tons of fuels and other petroleum products, 11.6 TWh of natural gas, 12.9 TWh of electricity and 154,600 MWh of thermal energy. Earnings before interest, taxes, depreciation and amortization (EBITDA) are estimated to 250.4 million euros for 2023.

The group’s CEO Nada Drobne Popovic said that, in 2023, operations will be significantly affected by the regulation of the selling prices of energy products, the tightening of purchasing conditions and inflation, which we will follow by adjusting business processes and optimizing costs. In addition, operations will be affected by many factors of the international and domestic environment: uncertain geopolitical and economic conditions, the state of the global oil and energy market, and the movement of the US dollar exchange rate.

Petrol also plans to invest 75 million euros in 2023, two thirds of which will be invested in energy transition projects.

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