Press releases
Marquard & Bahls successful again in 2009
Hamburg, 02.06.2010 – Marquard & Bahls looks back on 2009 as a successful year. The group generated revenues of EUR 9.3 billion and a pre-tax profit of EUR 188 million. For the first time, the reported equity capital exceeded the one billion Euro mark.
Last year, Marquard & Bahls could again achieve stable growth in all business areas. The company expanded its core activities – the trading of mineral oil (Mabanaft) and tank storage (Oiltanking) and pushed further ahead in the younger business segments aviation fuelling (Skytanking), contracting (Proenergy) and renewable energies (GEE Energy, Mabagas).
Oil Trading (Mabanaft)
For Mabanaft, 2009 was a good year despite the economic crisis. Both trading volume and profits increased on the back of Mabanaft’s strong platform in Northwest Europe combined with its international trading. Professional risk and counterparty management and a clear focus on physical oil trading supported by a strong asset base proved to be the right recipe for sustained success.
Specifically worth mentioning is the fact that all activities of Mabanaft contributed to the success of the group.
Tank Storage (Oiltanking)
Oiltanking further expanded its worldwide network in 2009 and continued on its strong growth path. With a current total capacity of 17.2 million cbm, spread over 69 terminals in 21 countries, the company has significantly strengthened its position as the number 2 on the global market.
Aviation Fuelling (Skytanking)
Although Skytanking had to report lower throughput of jet fuel in some locations as a result of decreased air traffic, the company nevertheless succeeded in increasing total throughput. In addition, Skytanking’s network grew in 2009 with its first ever ventures into France and Italy.
Contracting (Proenergy)
Proenergy has diligently developed its range of services and expanded its customer and contracts base. In 2009 activities in Romania have been started. The company is now represented in Germany, Austria, Hungary and Romania.
Renewable Energies (GEE Energy, Mabagas)
In 2009, GEE Energy concentrated on strengthening its sales position as well as the optimisation of its logistics and production structures. Furthermore, the company expanded its product range to include biofuels made from agricultural waste materials.
Mabagas continues to focus on national and international biogas projects with an emphasis on the recovery of waste products for energy production.
Outlook
Marquard & Bahls’ sound financial position and the long-term nature of its business provide a solid basis for future growth. Marquard & Bahls will continue to speedily and flexibly pursue arising opportunities true to its corporate philosophy - independent, sound and individual.
Marquard & Bahls AG is a leading independent petroleum company, privately owned. The core activities include oil trading, tank storage, aviation fuelling. Furthermore, the company is active in contracting, renewable energies, gas supply and petroleum analysis. Through its subsidiaries, Marquard & Bahls is positioned in Europe, North and South America, Africa and Asia.
For more information on Marquard & Bahls, please visit www.mbholding.com.
For media inquiries, please contact:
Heidi Pipo
Corporate Communications
+49 40 370 04 255
heidi.pipo@mbholding.de
