Published 07th June, 2012
Canada's largest fuel and lubricants marketeer and distributor has revealed a new five year plan to improve profitability.
Parkland Fuel Corporation is targeting $70m of incremental EBITDA earnings by 2016, from its 2011 $125m normalised figure, with $55m coming from top line growth and accretive acquistions.
As part of the five year strategy, Parkland President and CEO, Bob Espey, revealed the company's Penny Plan, which aims to achieve organisational efficiencies equivalent to a penny per litre of fuel.