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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:
Up 106.80p
Change Today:
1.00p
Market Cap:
1,353.09m
Sector:
General Retailers

Vivo Energy FY profits drop as revenues slide on Covid-19 impacts

By Iain Gilbert

Date: Wednesday 03 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Fuels and lubricants retailer Vivo Energy said on Wednesday that gross profits had declined in 2020 as revenues slipped due to Covid-19 impacts throughout the year.
Vivo said revenues were down 17% year-on-year at $6.91m, reflecting a 7% decline in sales volume as Covid-19 affected mobility across the group's markets.

Gross profits fell 9% to $617.0m, adjusted underlying earnings slumped 16% to $360.0m and net income dropped 40% to $90.0m.

Going the other way, gross cash unit margins rose to $72 per 1,000 litres thanks to positive pricing and mix effects in the second half of 2020.

Vivo also highlighted that a "strong rebound" in the second half drove adjusted EBITDA for the period to $220.0m, slightly ahead of the prior year.

The FTSE 250-listed firm recommended a final dividend of 3.8 US cents per share, in line with the full-year dividend proposed for 2019.

Chief executive Christian Chammas said: "Our markets have not been knocked off course by the pandemic, with a young and growing population driving economic development and future fuel demand. We are focused on capturing this growth and at the same time believe our cash flows support a higher level of shareholder returns and so have increased the minimum pay-out ratio from 30% to 50% of attributable net income.

"We have started 2021 well and are confident we can continue to successfully navigate future challenges and deliver long-term growth and returns for all of our stakeholders."

As of 0900 GMT, Vivo shares were up 0.11% at 89.60p.

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 106.80p
Change Today 1.00p
52 Week High 107.80p
52 Week Low 67.50p
Volume 833,342
Shares Issued 1,266.94m
Market Cap 1,353.09m
Beta 0.00

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 9
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 10-May-2021

Time Volume / Share Price
16:45 14,687 @ 106.40p
16:45 14,687 @ 106.40p
16:35 116,094 @ 106.80p
16:29 1,043 @ 106.80p
16:29 99 @ 106.60p

Vivo Energy Key Personnel

Chair John Daly
CEO Christian Chammas
CFO Douglas Lafferty