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Prices & Quotes - UK Markets - Vivo Energy (VVO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 98.70p
Change Today:
-0.80p
Market Cap:
1,250.47m
Sector:
General Retailers

Vivo Energy withdraws final dividend

By Iain Gilbert

Date: Thursday 30 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Fuel and lubricants distributor Vivo Energy withdrew its final dividend on Thursday despite posting improved first-quarter profits.
The firm said first-quarter gross cash profits improved 6% in the three months ended 31 March to $179m - primarily driven by its "strong start" in January in February.

Volumes rose 7% and gross cash unit margins remained "resilient" at $69 per thousand litres.

However, the FTSE 250-listed group cautioned that its March performance was affected by Covid-19 related measures in the likes of Morocco, Tunisia, Mauritius and Reunion.

Vivo then said it felt it "prudent" to withdraw recommendation of its 2019 final dividend, but said it would consider an additional dividend payment once the group sees "more certainty" in its markets.

Chief executive Christian Chammas said: "Our gross cash profit rose 6% to $179m in Q1 reflecting a strong start to the year before Covid-19 related restrictions on movement imposed in March created significant and ongoing reductions in demand.

"We have responded rapidly to the challenges raised by Covid-19 to protect our people and customers, our communities and our business, and with our robust balance sheet and access to liquidity we have a strong base to navigate through these uncertain times."

As of 0920 BST, Vivo shares were up 8.47% at 85.80p.

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
Price 98.70p
Change Today -0.80p
52 Week High 109.00p
52 Week Low 67.50p
Volume 793,490
Shares Issued 1,266.94m
Market Cap 1,250.47m

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 6
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
  Final Interim
Ex-Div 27-May-21 19-Nov-20
Paid 25-Jun-21 18-Dec-20
Amount 3.79¢ 2.65¢

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 249,977 @ 98.70p
16:29 566 @ 98.60p
16:29 1,250 @ 98.60p
16:29 841 @ 98.80p
16:29 19 @ 98.80p

Vivo Energy Key Personnel

Chair John Daly
CEO Christian Chammas
CFO Douglas Lafferty