Catom Annual Report 2023 EN

The financing structure was changed in September 2023. The modification and extension of the existing agreement was achieved with the help of existing Dutch bank institutions. The agreement provides for a larger credit facility at equal terms for the company.

Catom has managed to enhance its compe titive position in this market. In 2023 Catom took a major step in terms of sustainable fuel by selling more renewable HVO diesel and investing in the expansion of distribu tion capacity. In the reporting year, this led to a significant increase in the volume of renewable fuels. Catom is one of the five largest players in the Dutch wholesale market and sees opportunities for further growth in this segment. The major oil companies, also referred to as the ‘majors’, are expected to leave this market in due course, in order to focus more on upstream activities. Reselling – Land In the reselling division – resale of fuels and lubricants by OK Oliecentrale BV – the volume of motor fuels dropped by 9.5%. This was driven mainly by lower sales in the Construction segment, with volumes in the Transport and Industry segments remaining stable. The volume of lubricants sold increased by 8.1% along with a double

Developments

Wholesale The core activity wholesale – Catom Distri bution B.V., trading name Catom PDM – operates in a dynamic market with high price volatility. Prices in the international market fluctuate significantly each day, increasingly even during the course of a day. Catom participates in this trend by adjusting its prices at various times during the day. The buying behaviour of customers is heavily price-driven. Catom responds promptly to this trend.

By improving its supply process and, conse quently, its opportunities to blend biofuels,

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