Catom Annual Report 2019 EN

of fuels and lubricants, Catom is active in one of the sectors that the government has identified as vital, which means that its core activities in wholesale, B2B and retail will be continued. Practice has shown that the government measures have been implemented in such way that they are workable, and Catom has been well able to adjust to the present situation. The risks, if any, lie in further macro-economic developments, both in terms of fuel prices and in terms of economic developments on the whole in the long run; we might see a sharp decline in other industries such as construction and transport, which could also affect the financial results of Catom and its subsidiaries. It goes without saying that it is impossible to say, at this time, just how detrimental these developments will be, but in spite of that uncertainty, Catom is confident that its results over 2020 will be satisfactory.

acquisitions are again quite possible in 2020 in order to realise this ambition. In this context, in 2020 we will take additional steps to further simplify and automate our operations. This will include projects in the areas of planning and administration. Catom expects turnover growth and a comparable operating result / profit level in 2020. No material events have taken place between the balance sheet date and the date of signing of the annual accounts for 2019 that would need to be presented or disclosed in the annual accounts. Having said that, several oil traders and petrol stations were already taken over in the first quarter of 2020. Earlier this year, the outbreak and spread of Covid-19 became world news. In response to this pandemic, restrictive measures were imposed by the Dutch government with effect from mid-March 2020. As a supplier Subsequent events

Breda, 18 May 2020

H.P. de Leeuw den Bouter J.W.F. Westerhuis

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