Dan-Bunkering presents for the first time a combined group financial result in a historic year
Despite uncertainty in world trade and fluctuations on the oil market, Dan-Bunkering is able to present best-ever financial results, with a revenue of USD 4,1 billion, and a positive EBT of USD 46 million while also growing through acquisitions.
Dan-Bunkering announced best-ever annual results for the fiscal year 2022/23, ending 30 April 2023. Revenue grew to an all-time high USD 4,1 billion up from USD 3,3 billion in 2021/22. The increase of close to 25% has been driven by an increase in the average oil prices across the year along with the additions of South African Bunkering & Trading (SABT) and Amoil to the Dan-Bunkering Group. Furthermore, the company reports a Solvency Ratio of 30%.
“Our very strong results show that we have the right strategy and the right team in place to support our customers navigate the latest challenges facing our industry. Merging with the strong brands SABT and Amoil represents a natural evolution for Dan-Bunkering, strengthening our global position in fuel solutions, and positively impacting our ability to drive innovation and support our customers”, says Claus Bulch Klausen, CEO of Dan-Bunkering.