Slovenia, Petrol recorded a net profit in the amount of 124.5 million euros in 2021

, SEE Energy News

Slovenian energy group Petrol recorded a net profit in the amount of 124.5 million euros in 2021, which is by 72 % higher compared to the previous year and 19 % higher than planned.

The company’s sales revenues increased by 61 % year-on-year, reaching 4.96 billion euros, which is 41 % more than planned for 2021. Earning before interest, taxes, depreciation and amortization (EBITDA) reached 238.1 million euros in 2021, 43 % more than in 2020.

The EBITDA structure by activities shows that the non-oil part of the Petrol Group’s operations has already exceeded 40 %, as it generated 56.6 % of EBITDA with the sales of petroleum products, 17.6 % with the sales of merchandise, 13.6 % with the sales of other energy products (natural gas, LPG, electricity) and 12.2 % with the sales of energy and environmental solutions. In 2021, the Petrol Group earmarked 233.2 million euros for investments in property, plant and equipment, intangible assets and for long-term investments.

Regional indicators show the strengthening of the Petrol Group in the SEE region where it generated 28 % of its operating profit and 31 % of the EBITDA in 2021. As many as 47 % of the Petrol Group’s employees are from this region.

At the end of 2021, the Petrol Group operated 593 service stations, of which 318 were in Slovenia, 202 in Croatia, 42 in Bosnia and Herzegovina, 16 in Serbia, and 15 in Montenegro.