Motor Oil unveils H1 results

Motor Oil unveils H1 results

Refiner Motor Oil posted improved sales and operating profit in the first half of 2021.

The group announced operating EBITDA profit of €251 million, from a loss of €63 million in the first half of 2020. Sales rose to €4.156 billion, from €2.833 billion last year. In the second quarter alone, sales were €2.27 billion from €1.19 billion in 2020. 

Net profits were €121.12 million compared to a loss of €150.58 million during the same period in 2020. 

For the first half, exports of refining fuels, refinery products and other fuels amounted to 5,501,768 metric tons, a 28.03% increase from 2020. But domestic sales declined 15.78% to 1,412,901 metric tons. Bunkering, the supplying of fuel to ships, was also down, 24.14% to 298,541 metric tons. Overall sales increased 13.26%, to 7,213,211 metric tons.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.