Energy, Estonia, Transport

International Internet Magazine. Baltic States news & analytics Tuesday, 24.04.2018, 23:55

Statoil Estonia boosts turnover by 24.5% in 2011

Juhan Tere, BC, Tallinn, 02.07.2012.Print version
Statoil Fuel & Retail Eesti AS boosted turnover 24.5% in 2011, to 244.6 million euros, LETA/Postimees Online reports.

The main cause for the increase of turnover was the increase of revenues earned by the concern's financial centre and growth of sales of motor fuels and store goods, the company announced.


The company's net profit was 7.9 million euros, of which financing services formed 7.4 million euros and sale of motor fuel and store goods 0.5 million euros.


Retail and wholesales business segment turnover was 194 million euros, a growth of 11%. The segment's net profit was 0.5 mln euros, a growth by 0.2 million euros.


The financing services business segment sales revenue was 50.3 million euros an net profit 7.4 million euros.


Statoil Fuel & Retail Eesti AS average employee number was 483 people in 2011, versus 481 in 2010.

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