Press release 23/6/2023
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.
Alternative fuels is the future of the maritime industry
The maritime industry is experiencing increasing demand for alternative fuels. To ensure that Dan-Bunkering remains at the forefront of the development and is prepared to guide and assist its clients on alternative fuels and EU ETS, it is essential to foster collaboration across all stakeholders and make investments towards decarbonising the industry. A substantial emphasis on alternative fuels therefore forms a significant part of the company's future strategy.
“Our learnings and achievements the past few years have demonstrated the robustness and agility of Dan-Bunkering in navigating volatile market conditions and accommodating an increasing demand for alternative fuel solutions. This leaves me very confident in the potential of our strategy going forward”, Claus Bulch Klausen continues.
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