Slovenia: Petrol’s 5-year strategic plan

, SEE Energy News

Slovenian energy company Petrol presented its 2021-2025 strategic plan, according to which, the company’s net profit should reach 180 million euros in 2025, compared to 104 million euros planned in 2021.

The plan envisages investments in the amount of 698 million euros in the next five years, out of which 35 % is related to energy transition. The group’s earnings before interest, taxes, depreciation and amortization (EBITDA) should increase to 336 million euros in 2025 from 214 million euros planned for this year.

By the end of 2025, the number of petrol stations operated by Petrol should reach 627, compared to current around 500 petrol station. Petrol plans to remain present in all markets in which currently operates, with a focus on consolidating its leadership position in Slovenia, increasing renewable energy production in Croatia and further expansion in the Serbian market.

Also, the group plans to have 160 MW of installed capacity in renewable energy sources by the end of 2025, 78 % more than at the end of 2020. At the end of 2020, Petrol operated 510 petrol stations in the region (Slovenia, Croatia, BiH, Serbia, Montenegro and Kosovo). However, since its acquisition of Croatian Crodux in early 2021, the number of petrol station is increased by 91.