EE: Statoil Estonia sales up by 13.4% y/y in 2010.

By bne IntelliNews July 4, 2011
Estonian branch of Norwegian fuel retailer Statoil Estonia recorded revenues of EUR 196.2mn in 2010, which indicates 13.4% y/y increase. The main reasons for growth in revenues was due to increase in the fuel prices worldwide. The companys net profit amounted to EUR 8.8mn in 2010, which was mainly contributed by the financial centres operations. Retail and wholesale department contributed EUR 0.3mn to net profit, with total revenues of EUR 174.5mn. Financial services contributed net profit of EUR 8.5mn with revenues at EUR 22.1mn. The financial services provide services like financial asset management, liquidity management and others for the whole Statoil group. Statoil Estonia employed 481 people in 2010.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335