Marquard & Bahls Had a Mixed Business Year 2018
With Mark Garrett (CEO) and Lorenz Zwingmann (CFO), two new members of the Executive Board were appointed in 2018, who will continue to drive the realignment of the company. Key decisions during the course of 2018 included the termination of activities outside the core business areas: In the bunker business, locations were closed or sold, carbon trading was sold and the biogas activities were bundled into IOT Infrastructure & Energy Services.
Tank Storage Logistics – Oiltanking shows solid performance
Oiltanking ended the year with an operating result that exceeded expectations. Many existing contracts were extended and new projects were advanced. At the end of 2018, Oiltanking operated 75 tank terminals in 24 countries with a total capacity exceeding 20 million cbm. Against the background of new tank terminal projects currently under construction and the expansion of existing sites, Oiltanking is confident that it will continue to grow in the future. The focus is to shift the balance of the portfolio towards the storage of gases and chemicals.
Trading – Mabanaft achieves satisfactory result
The Mabanaft Group achieved high sales in an eventful business year. While the Bunkering division achieved unsatisfactory results, the positive trend in the retail sector continued. OIL! Tankstellen and Petronord again achieved record results, and the trading business picked up strongly towards the end of the year after a weak first half. At the end of 2018, the trading group's sales volume was around 20 million tons. Petroleum products will continue to be an important component of the global energy supply in the future. Mabanaft therefore sees good growth opportunities going forward, especially in the retail sector and in international trading with petroleum products and gases.
Aviation Fuelling – Skytanking continues to grow
Skytanking had another successful business year and ended 2018 with a good result. Almost all locations reported increasing throughput of jet fuel. One of the most important developments was the launch of aviation fuelling in Turkey and at further locations in India. At the end of 2018, Skytanking was represented at 75 airports around the world, refuelled around two million aircraft (plus 25 percent) and recorded a throughput of 23 million cbm of jet fuel (plus 30 percent). At the beginning of 2019, the company entered the US and Spanish markets with the Atlanta and Barcelona airports. Further projects are in the pipeline.
Marquard & Bahls continues to pursue a long-term growth strategy. The core business areas of tank storage logistics, trading and aviation fuelling are to be strengthened and expanded. This includes both new products and geographic growth. In addition, the portfolio will be expanded in the future by adding new business segments. The Group’s solid financial position is a good starting point for this.
Marquard & Bahls AG is a Hamburg-based company that operates in the fields of supply, trading, and logistics of energy & chemicals. Its core lines of business include tank storage logistics, trading, and aviation fuelling. The company is also active in dry bulk handling, fuel analysis and energy services. Through its subsidiaries, Marquard & Bahls has a presence in 36 countries in Europe, America, Asia and Africa and employs more than 7,500 people.