Catom Annual Report 2020 EN

Turnover and results

Investments

Turnover in terms of money dropped by 18.71% in 2020 to € 776 million. The volume of motor fuels sold grew by 7.2%. The volume of lubricants sold dropped by 7.69%. The gross profit on sales (turnover minus purchase cost of goods sold) dropped by 6.3%. This turnover and gross margin led to an EBITDA of € 13,079,349 and a group result before taxes of € 7,562,675. The balance sheet total dropped to € 128 million. Solvency came to 12.3% (2019: 12.2%). The liquidity ratio was 62% (2019: 73%). The company’s liquidity level is safeguarded in part by the credit facility. The financial figures relate to the 2020 financial year, which coincides with the calendar year.

Investments in intangible and tangible fixed assets in 2020 amounted to € 18,186,238 (2019: € 8,548,880). Of this, € 12.8 million (2019: € 5.4 million) concerned the takeover and improvement of petrol stations. Catom also invested in acquisitions, vehicles and vessels, software and hardware, and other machinery. In 2021 the company intends to invest in acquisitions, vessels and vehicles, software and hardware, and machinery. Expectations are that these investments can be realised with the currently available funding.

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