Czech Rep: Benzina's Profits Rise for 2007
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Monday, 27 October 2008 |
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Benzina raised net profit to Kc128m in 2007, which is a dramatic
increase against 2006. It has also announced the completion of its
network redevelopment programme.
Benzina's sales grew by 15 percent to Kc15.2bn year-on-year with its
market share rising to 13.2 percent from 11.6 percent a year earlier.
Benzina’s strategy is to have 15 percent of the Czech market in two
years, increasing it to one fifth by 2012. Benzina operates 337 service
stations making it the largest network.
Benzina
has completed rebranding its premium Benzina plus petrol stations and
redeveloped another 147 standard Benzina with a total reconstruction
cost of CZK1.3 billion. Benzina has extended its range of premium fuels
including the high-octane Verva 100 petrol and Verva Diesel. The
company is planning to introduce a new food service concept in 2009,
which is currently generating up to 25% to 30% of store turnover.
It is reported locally that Benzina is now not interested in acquiring
service stations Robin Oil and Pap Oil. PetrolWorld previously reported
their interest to purchase these independent players. However,
Benzina's executive Martin Durcak told local journalists that since
these chains do not operate service stations on the Czech motorways,
their attractiveness is falling.
Benzina which is part of the Unipetrol Group employs around 4,500
people. Since 2005, PKN Orlen holds 63 percent of its
shares.
PetrolWorld 261008
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