Crodux Derivati Dva d.o.o.
Activities of the company
In October 2021, Petrol d.d., Ljubljana, after fulfilling the suspensive conditions, completed the acquisition of a 100 percent interest in Crodux Derivati Dva d.o.o. With the acquisition of Crodux Derivati Dva d.o.o. the Petrol Group acquired 93 service stations in Croatia. Crodux Derivati Dva d.o.o. is engaged in the retail and wholesale of petroleum products in Croatia. Intensive integration of processes and the parent company’s business policy has been in place since the company’s entry to the Petrol Group. In the last three months of 2021, Crodux Derivati Dva d.o.o. sold 161.0 thousand tons of petroleum products and LPG. In the last three months of 2021, it generated EUR 174.5 million in sales revenue. The company generated EUR 163.4 million in sales revenue from the sale of petroleum products and LPG and EUR 11.1 million from the sale of merchandise and services. In the last three months of 2021, it generated EUR -4.2 million in sales revenue. In the fourth quarter of 2021, the company generated an EBITDA of EUR 2.4 million. Normalized EBITDA, excluding one-off costs, stands at EUR 7.3 million and is slightly below the plan because of the effect of the petroleum product price regulation.
On 31 December 2021, the company's equity amounted to EUR 38.5 million.