Catom Annual Report 2022 EN

General information

Ever since its establishment in 1998, the company has experienced uninterrupted turnover and profit growth, as a result of both takeovers and autonomous growth. In 2022 a record-breaking sales figure of € 1.4 billion was realised. In a year that is characterised by a worldwide imbalance between demand and supply of fuels, Catom saw a healthy growth in practically all its business lines. The volume growth in wholesale, own depots and retail, in both fuel sales and shop sales, have contributed substantially. Fuel volumes dropped a little bit in the business-to-business, on land, and the lubricant volumes increased slightly. Over the reporting year 2022, a number of takeovers were once again realised. The cooperation with Slurink Bunker stations is pivotal in this respect. Slurink Holding entering the Catom Group means a substan tially expansion of the OK Marine activities, thus reinforcing our core activities. In addi tion to the increased number of petrol

stations, 2022 saw significant investments in the network quality through the construction and renovation of petrol stations, with or without the new full service OK Café concept. The international (crude) oil market is volatile. The local markets of finished products may well be characterized by their own dynamics, but are nonetheless, as a rule, affected by that volatility. Fluctuations in prices have a significant impact on our business. On the one hand the fuel prices in the first three quarters of the year doubled, followed by a steep correction in the fourth quarter, resulting in an increased turnover and a positive effect on the gross margin. On the other hand, there was a negative impact on costs of consumption of our own transport and the energy consumption of petrol stations. Catom is a leading company in the market and has reacted nimbly to the opportunities and threats of the 2022 market situation.

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