Vivo Energy (VVO)

Sector:

Retailers

Index:

FTSE 250

109.80p
   
  • Change Today:
    -1.20p
  • 52 Week High: 114.00
  • 52 Week Low: 67.50
  • Currency: UK Pounds
  • Shares Issued: 1,266.94m
  • Volume: 8,908,072
  • Market Cap: 1,391.10m

Vivo Energy H1 earnings underpinned by retail business

By Michele Maatouk

Date: Tuesday 27 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Vivo Energy reported a jump in first-half earnings on Tuesday thanks to a solid performance from the retail business.
In the six months to 30 June, adjusted earnings before interest, tax, depreciation and amortisation rose 57% on the same period a year prior to $220m while revenue rose 18% to $4bn. Meanwhile, volumes sold were up 8% as Covid restrictions eased.

The pan-African retailer and marketer of Shell and Engen-branded fuels and lubricants, said the volume recovery was led by the retail segment, with volumes 18% higher than the first half of 2020 as restrictions were lifted. It also highlighted the impact of the accelerated site roll-out programme and a range of marketing initiatives.

Commercial volumes were 4% lower, however, but excluding the impact of the supply contract that ended in the third quarter of last year, they were ahead 4%. Vivo said lubricant volumes were "very strong", up 14% on both the first half of last year and 2019.

Chief executive officer Christian Chammas said: "Our strong performance during H1 2021 further demonstrates the strength of our business and the resilience of the African continent.

"As we move into the second half we are watchful of the potential impacts of Covid-19, but still expect Retail to lead the recovery and are demonstrating our confidence in our business by both investing in growth and delivering growing returns to shareholders."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Vivo Energy Market Data

Currency UK Pounds
Share Price 109.80p
Change Today -1.20p
% Change -1.08 %
52 Week High 114.00
52 Week Low 67.50
Volume 8,908,072
Shares Issued 1,266.94m
Market Cap 1,391.10m

Vivo Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.84% above the market average78.84% above the market average78.84% above the market average78.84% above the market average78.84% above the market average
79.59% above the sector average79.59% above the sector average79.59% above the sector average79.59% above the sector average79.59% above the sector average
Price Trend
20.76% above the market average20.76% above the market average20.76% above the market average20.76% above the market average20.76% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Income
64.35% above the market average64.35% above the market average64.35% above the market average64.35% above the market average64.35% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Growth
74.17% below the market average74.17% below the market average74.17% below the market average74.17% below the market average74.17% below the market average
32% below the sector average32% below the sector average32% below the sector average32% below the sector average32% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Vivo Energy Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Aug-21 27-May-21
Paid 10-Sep-21 25-Jun-21
Amount 1.70¢ 3.79¢

Trades for 17-Sep-2021

Time Volume / Share Price
16:35 8,369,162 @ 109.80p
16:29 675 @ 111.40p
16:29 138 @ 111.40p
16:29 436 @ 111.40p
16:29 467 @ 111.60p

Vivo Energy Key Personnel

Chair John Daly
CEO Christian Chammas
CFO Douglas Lafferty

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