Parkland announces strong 2021 first quarter results and outlines 2025 growth ambition
May 03, 2021 17:22 ET
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Parkland Corporation
Parkland Corporation
Calgary, Alberta, CANADA
CALGARY, Alberta, May 03, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX:PKI) announced today its financial and operating results for the three months ended March 31, 2021 ("Q1 2021"). Highlights include:
Adjusted EBITDA attributable to Parkland ("Adjusted EBITDA") of $314 million, up 64 percent year-over-year. Despite continued COVID-19 impacts, we benefited from lower costs, continued strong per unit fuel margins and Company C-store same-store sales growth ("SSSG") in Canada, U.S. acquisition growth, solid performance in International and higher utilization at the Burnaby refinery.