Puma Energy to double petrol and convenience sites

Puma Energy has announced a record year for global sales and volumes in 2014. Its Australian petrol and convenience retail sites are set to expand from 300 sites to double this number as expansion and further acquisitions occur in the near future.

In June 2014, Puma Energy Australia launched its Forecourt Enhancement Programme (FEP) with approximately 170 sites across Puma Energy’s national network to be revamped and rebranded with the Puma Energy name and colours.

“Puma Energy completed the successful rebrand of 70 retail sites in 2014. It kicked off 2015 with another 50 sites already in the pipeline to undergo the transformation – with more to come as the year progresses,” the company said.

“As part of the FEP, Puma Energy sites receive upgraded site equipment, new facilities and a fresh new look. The FEP is part of Puma Energy’s national brand strategy that will support the rollout of the brand across our Australian network.”

The Singapore-based group said that 2014 produced another record year with sales volumes of 14,764 k m³, cash flow generation of US$863 million and an operating profit of US$391 million.

There was a continued growth emphasis through the expansion into six new countries with the robustness of the business model proven, despite the volatility of the oil price, with unit margin growth throughout 2014.

Commenting on these results, Pierre Eladari, CEO, said: “I am pleased not only with Puma Energy’s excellent performance in 2014, but also with our agile expansion into six new countries, consolidating our strength in existing markets and our organic growth driven by construction and acquisition.”

“We are monitoring market opportunities with a view on larger markets with higher volume supply needs”, Mr Eladari added.