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Viva to supersize returns from petrol stations

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer

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Fuels supplier Viva Energy is targeting nearly a 150 per cent jump in earnings from its convenience and fuels retailing business in five years, after paving the way for a huge expansion in convenience retailing that will also make it one of the country’s biggest employers.

The transformation under way in Viva’s retail arm, which will be further enhanced by the acquisition of the On The Run business awaiting competition approval, is already set to grow the group’s share of earnings from non-fuel products to about 36 per cent, from 15 per cent.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/viva-targets-150pc-retail-earnings-growth-20231108-p5eil9