Statoil Fuel & Retail Q2 results: profits up in Scandinavia

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    • Jan 2009
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    Statoil Fuel & Retail Q2 results: profits up in Scandinavia

    (PR-inside.com)
    27 July 2011*- Statoil Fuel & Retail ASA (Ticker: SFR) reports significantlyincreased profits in Scandinavia in the second quarter of 2011. In Central andEastern Europe volumes were stable but pressure on fuel margins continued, withconvenience sales in the region showing improvement. Overall, roadtransportation fuel unit margins*were up by 8.5 percent.The positive trend in the company's health, safety and environmental performancecontinued with a Serious Incident Frequency (SIF) down to 1.5 compared with 1.6in the first six months of 2010, and still fewer serious robberies.Statoil Fuel & Retail's second quarter 2011 adjusted EBITDA was NOK 845 millioncompared with NOK 880 million in ..

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