Thursday 20th January 2022
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Z Energy (NZX/ASX: ZEL) (“Z”) releases its operating data for the third quarter of FY22 and reaffirms FY22 RC EBITDAF guidance to be between $270m and $310m.
Commenting on the operating data Z’s CEO Mike Bennetts said, “Z’s strategy execution for the quarter was excellent. We have made progress across all four of our organic growth opportunities, in some cases well ahead of the trajectory to our FY24 targets.
Covid-19 related lockdowns in Auckland and other regions throughout the quarter, coupled with high pump prices due to increased crude oil costs and weaker NZD exchange rates, has reduced retail volumes compared to the same quarter last year,” he added.
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