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VIVO 27 April 2021 ENERGY Vivo Energy plc ( LSE : VVO & JSE : VVO ) First Quarter 2021 Trading Update Vivo Energy plc , the leading pan - African retailer and distributor of Shell- and Engen - branded fuels and lubricants , provides the following trading update for the quarter ended 31 March 2021 ( " QT " ) . Highlights QI gross cash profit of $ 195 million was 9 % higher than QI 20 ( $ 179 million ) • QI volumes continued to recover from the significant impact of COVID - 19 in 2020 , and were • • 5 % lower year - on - year , with unit margins remaining strong at $ 79 per thousand litres Retail volumes improved by 4 % against QI 20 , with Commercial volumes impacted by Aviation and Marine and the end of a large supply contract in Q3 20 Excluding Aviation , Marine and the supply contract , group volumes were 2 % higher than QI 20 Key Performance indicators ( $ in millions ) , if not otherwise indicated Volumes ( million litres ) Gross Cash Unit Margin ( $ / ' 000 litres ) Gross Cash Profit QI 2021 QI 2020 Change 2,483 2,602 -5 % 79 69 14 % 195 179 9 % Commenting on the trading update , Christian Chammas , CEO said : " We delivered a strong start to 2021 , with QI gross cash profit increasing by 9 % to $ 195 million . It was especially pleasing to see the Retail segment return to volume growth despite ongoing restrictions , continuing the positive momentum from H2 2020 and further demonstrating the resilience of our business and our markets . We have already made good progress towards our target of opening 90-110 net new sites this year and continue to develop our customer offerings while protecting the health and safety of our people and customers . As we move through the year , we expect the recovery to continue , albeit subject to potential impacts from the prevailing mobility restrictions , with the strong QI reinforcing our confidence in the business moving forwards . " Vivo Energy plc 5th Floor The Peak 5 Wilton Road London , SWIV IAN , United Kingdom www.vivoenergy.com