Catom Annual Report 2019 EN

Turnover and results

Investments

Turnover in terms of money dropped by 2.73% in 2019 to € 954 million. The volume of motor fuels sold grew by 0.14%. The volume of lubricants sold dropped by 2.61%. The gross profit on sales (turnover minus purchase cost of goods sold) rose by 29.29%. This turnover and gross margin led to an EBITDA of € 19,339,048 and a group result before taxes of €  14,685,426. The balance sheet total rose to € 129 million. Solvency came to 12.2% (2018: 12.4%). . The liquidity ratio was 73% (2018: 75%). The company’s liquidity level is safe- guarded in part by the credit facility. The financial figures relate to the 2019 financial year, which coincides with the calendar year.

Investments in intangible and tangible fixed assets in 2019 were € 8,548,880 (2018: € 7,429,765). Of this, € 5.4 million (2018: € 3.3 million) concerned the take- over and improvement of petrol stations. Catom also invested in acquisitions, vehicles and vessels, software and hard- ware, and other machinery. In 2020 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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