The company is engaged in the sale of petroleum derivatives, petroleum products and other merchandise in Croatia.
Activities of the company
Petrol d.o.o. is a 100-percent owner of Petrol javna rasvjeta d.o.o. and a 75-percent owner of Adria-Plin d.o.o. which was acquired through the purchase of the rights and assets of Crodux Plin d.o.o. In September 2019, the Petrol Zagreb Group acquired Crodux Plin d.o.o.’s LPG operations while in January 2020 it acquired its electricity-trading operations. The Petrol Zagreb Group sells oil, merchandise and services in Croatia. In 2020 it sold 648.3 thousand tons of petroleum products and LPG, down 5 percent from 2019. In 2020 the Petrol Zagreb Group as a whole generated EUR 380.0 million in sales revenue, down 28 percent from 2019. This was largely due to lower prices and lower sales of petroleum products as a result of movement restrictions imposed by countries to curb the pandemic and of the decline in economic activity caused by the pandemic (for more information on the impact of the pandemic, see chapter Analysis of business performance and impact of the pandemic on the Petrol Group's operations in 2020). The Group generated EUR 322.6 million of sales revenue from the sale of petroleum products and LPG and EUR 57.4 million from the sale of merchandise. Its operating profit stood at EUR 27.3 million in 2020, a decrease of EUR 2.6 million from the previous year. The group's net profit for 2020 totalled EUR 21.2 million, which was EUR 3.2 million less than in the previous year. The Petrol Zagreb Group operated 110 service stations at the end of 2020.
The group's equity totalled EUR 184.0 million as at 31 December 2020.