Catom Annual Report 2023 EN

Turnover and results

Investments

Turnover in terms of money increased by 18.5% in 2023 to € 1.7 billion. The volume of motor fuels sold grew by 72.2%. The volume of lubricants sold increased by 23.3%. The gross profit on sales (turnover minus purchase cost of goods sold) increased by 13.3%. This turnover and gross margin led to an EBITDA of € 22,611,609 and a group result before taxes of € 9,935,559. The balance sheet total has increased to € 274 million. The solvency ratio reached 13.6% (2022: 10.7%). The liquidity ratio was 62% (2022: 62%). The company’s liquidity level is partly guaranteed by the credit facility. The financial figures relate to the 2023 financial year, which coincides with the calendar year.

Investments in fixed assets in 2023 amounted to € 19,277,150 (2022: € 8,341,479). Of this, € 10.3 million (2022: € 6.5 million) was spent on the takeover and improvement of petrol stations. Catom also invested in acquisitions, vehicles and vessels, software and hardware, and other machinery. In 2024 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.

Financing

The investments in 2023 were partly financed from own funds. The total credit facility amounts to € 160.0 million. Cash flow from operating activities increased from € -5,970,837 to € 6,688,651, with stock and working capital effects together with investment and financing activities resulting in a cash decrease of € 14.4 million.

Frank van Hemert Psychic Portrait Jean-Michl Basquiat 2023, oil on canvas 160 x 130 cm

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