Instalacija d.o.o.

 

General Manager: Rok Blenkuš since 22 December 2012, Mariča Lah until 21 December 2012

E-mail: rok.blenkus@petrol.si

Ownership interest of Petrol d.d., Ljubljana: 77.05%

The company’s core activities are the storage and transhipment of petroleum products. In 2011 Petrol d.d., Ljubljana entered into a sale and purchase agreement to acquire a 51-percent interest in Instalacija d.o.o., in which it had previously held a 49-percent interest. The suspensive conditions stipulated in the agreement were fulfilled at the end of 2011. Under the agreement, ownership interests are to be transferred progressively over the course of the next two years as the scheduled payments for the interests are made. At the beginning of 2012, Petrol d.d., Ljubljana became a 77.05-percent owner of Instalacija d.o.o.

Important events in 2012 included the completion of three new tanks with the total capacity of 50,000 m3 and their long-term leasing out to the Agency of the Republic of Slovenia for Commodity Reserves, the optimisation of fuel operations and the start of the introduction of Petrol’s business standards, all of which resulted in increased revenue and lower costs compared to the target.

In 2012 the company handled 2.4 million tons of petroleum products, an increase on the year 2011. Its net sales revenue amounted to EUR 15.6 million, which was 10 percent more than in the previous year.

In the period concerned, the company’s net profit stood at EUR 7.4 million, up 32 percent on 2011.

The company’s equity totalled EUR 33 million as at 31 December 2012.

 

Website: www.instalacija.si

 

The text is taken from the contents of the Annual Report 2012.

* On 7th May 2013, the company Instalacija d.o.o. was merged (by acquisition) with Petrol d.d., Ljubljana and included in the operational functioning of Petrol’s Logistics Department.