Press releases
Marquard & Bahls looks back on a successful year
Hamburg, 23.05.2011 – Last year, Marquard & Bahls generated revenues of 12.6 billion Euros and achieved a profit after tax of 150.2 million Euros. This makes 2010 one of the company’s most successful financial years so far.
Basis of the success was once again the proven spread of risk between Oiltanking’s long-term storage business and Mabanaft’s more short-term oriented trading business plus the more recent activities in the areas of aviation fuelling (Skytanking), gas supply (natGAS) and biogas (Mabagas).
Oil trading (Mabanaft)
2010 was another good year for Mabanaft, despite difficult market conditions particularly in international trading. Main drivers were the wholesale, the end-consumer and bunkering business. The traded volume increased to a total of 20 million tons. Controlled risk and counterparty management, as well as deliberate adherence to physical oil trading with a strong asset base, have again proven successful.
Tank storage (Oiltanking)
Oiltanking managed to record one of its best results ever last year. This achievement was the outcome of high throughputs and almost fully rented out tank capacity. The company continued its sustainable development strategy. Existing terminals were extended and new locations were also added, such as in Panama and the USA. At the end of the year, Oiltanking was represented by 71 tank terminals in 22 countries with a total capacity of 17.6 million cbm.
Aviation fuelling (Skytanking)
Skytanking is now the largest independent provider of aviation fuelling services in Europe. Last year, the company managed to successfully enter the markets of Great Britain, Italy and South Africa and doubled the number of its locations to 46. Skytanking is now refuelling more than a million aircraft per year.
Renewable Energy
Marquard & Bahls will continue its activities in the renewable energy sector. Last year, the pellet business was reorganized and incorporated into Mabanaft Deutschland at the beginning of 2011, so as to be able to offer fuel and pellets all under one roof.
Mabagas is pursuing a large number of attractive projects and positioning itself on the biogas market.
Contracting
Proenergy, the subsidiary for contracting business, made good progress in recent years. At the same time, it became clear that the business offers little synergies with the other activities of Marquard & Bahls. For this reason, Marquard & Bahls sold the contracting business at the end of 2010.
Outlook
Marquard & Bahls will continue its course of long-term growth in the next years. The confidence in its own strengths, the unwavering commitment to its core activities - oil trading, tank storage, aviation fuelling, renewable energy - and a strong financial background provide a good starting point for this. Marquard & Bahls will continue to rapidly and flexibly seize the opportunities that arise on the market and to conduct its business according to the company philosophy –independent, sound, individual.
Marquard & Bahls is a leading independent petroleum company, privately owned. The core activities include oil trading, tank storage, aviation fuelling and renewable energies. Furthermore, the company is active in gas supply and petroleum analysis. Through its subsidiaries, Marquard & Bahls is positioned in Europe, America, Asia and Africa and employs a staff of over 7,000 worldwide, thereof 4,076 in consolidated companies.
For more information on Marquard & Bahls, please visit www.mbholding.com.
For media inquiries, please contact:
Heidi Pipo
Head of Corporate Communications
Marquard & Bahls AG
+49 40 370 04 255
heidi.pipo@mbholding.de
