Marquard & Bahls Reports Good Results in 2019
Marquard & Bahls made decisive decisions in 2019: New strategies were developed for the Group and for its operating units Oiltanking, Mabanaft, and Skytanking. The role of the holding was redefined, along with its Vision & Mission, and the portfolio adjustment begun in the previous year was completed. This was done in line with Marquard & Bahls’ strategic orientation of focusing in future on its core activities of tank storage logistics, trading, and aviation fuelling, as well as innovative investments in the energy and chemicals sector.
Tank Storage Logistics – Oiltanking has another good year
Oiltanking achieved a very satisfactory operating result in 2019. The markets were more stable than in the previous year and ensured high capacity utilization at nearly all tank terminals. Oiltanking used the year to consolidate its strong market position and develop its Strategy 2025, which includes a new regional structure with an even stronger customer focus. At the end of 2019, Oiltanking operated 63 tank terminals in 23 countries, with a total capacity of 20 million cubic meters. For the future, Oiltanking is pursuing further profitable growth, with a particular focus on handling gases and chemicals. Other key topics are the further strengthening of safety performance and sustainability aspects.
Trading – Mabanaft successful across all trading segments
In 2019, the Mabanaft trading group significantly increased its overall result year-on-year. Trading & wholesale, as well as the retail business, did a thriving business. OIL! Tankstellen and Petronord continued to expand and made a strong contribution to earnings, while the bunker business was further downscaled/downsized – with the remaining sites achieving excellent results. The trading group generated a sales volume of 18.1 million tons. Besides trading in petroleum products, biofuels, and renewable energies, Mabanaft is increasingly active in the gas business. Initial activities are also being developed in the chemical sector. The company is both an investor and future offtaker of ammonia at Gulf Coast Ammonia LLC (GCA) in Texas City, USA.
Aviation Fuelling – Skytanking further expands its network
Skytanking experienced a year of strong growth in 2019. The company successfully entered the U.S. and Spanish markets, and also opened ten new locations in India, where Skytanking has had operations for some time. These investments had a considerable impact on earnings, which, as expected, were down on the previous year. Good results were again achieved in the GSA region and at several other sites in Europe.
Marquard & Bahls pursues long-term profitable growth. Its operating units – Oiltanking, Mabanaft and Skytanking – are to be further expanded and the Group’s portfolio diversified, especially in the direction of chemicals and sustainable investments. Further developments will depend in particular on the course of the coronavirus pandemic and its medium- and long-term impact on the economy. While some parts of Oiltanking and Mabanaft will be able to profit from the current contango situation, Skytanking will have to accept a massive decline in business due to the fact that air traffic has largely come to a standstill.
Marquard & Bahls AG is an agile, independent holding company in the energy & chemical sector. Its core lines of business include tank storage logistics, trading and aviation fuelling. Through its subsidiaries, Marquard & Bahls has a presence in 35 countries in Europe, America, Asia and Africa and employs around 6,700 people. www.marquard-bahls.com