Catom Annual Report 2019 EN

General information

In 2019, again, the international (crude) oil industry was volatile. The local markets of finished products may well be charac- terized by their own dynamics, but are nonetheless, as a rule, affected by that volatility. The market prices of our major products showed a slight increase over the year, with a short period of a considerable decline at the end of May. On the whole, prices have increased, and the result was a positive effect on the stock. As Catom’s stock is still limited compared to the total throughput, these stock effects always remain relatively limited. This volatile market and an equally dynamic biofuel market still appear to create an environment where Catom can yield profits. As a leading company in the market, Catom can promptly seize any opportunities and respond to any threats. By investing even more in the supply side

In 2019, Catom again achieved good results. Ever since its establishment in 1998, the company has experienced uninter- rupted turnover and profit growth, as a result of both takeovers and autonomous growth. In the present reporting year, again, several takeovers were realized. The takeover of a multi-branded lubricant trader focusing on the shipping industry, the position on water was further extended, and by the takeover of two traders on land some business-to-business volume was added, as well as a new activity, i.e. the assembly, repair and supply of small and midsize (above-ground) tanks for the B2B customers. The network of OK petrol stations was also further expanded by the acquisition and rebranding of a number of third party locations and the construction of two state-of-the-art (as of yet) unmanned petrol stations.

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