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Viva Energy Group's H1 Sales Volume Rises, EBITDA Expected to More Than Double

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Viva Energy Group (ASX:VEA) reported a first-half sales volume of 8.49 billion liters, up 1.5% from about 8.37 billion liters in the year-ago period, according to a Tuesday filing with the Australian bourse.

The result came as convenience and mobility fuel volumes ticked 2.4% higher to 2.63 billion liters, while commercial and industrial fuel volumes increased 1% to 5.87 billion liters, per the filing.

The company said it expects first-half earnings before interest, taxes, depreciation, and amortization on a replacement cost basis of AU$770 million to AU$780 million, up from AU$305 million a year earlier.

Additionally, production at Viva Energy's Geelong refinery has now returned to over 90% of normal capacity following a fire in April, with regional refining margins expected to remain above long-term averages through the rest of the year, it said.

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