Puma Energy has achieved an EBITDA growth of 12% as a result of record sales volumes and a series of organic growth projects.
In its 2016 financial results, the company increased sales volumes by 16% to 22 million m3 and increased gross profit by 7% and EBITDA across all segments and regions.
Last year it finalised several major construction projects and increased storage capacity to 7.9 million m3 as well as acquiring its 100th terminal, in Belfast, Ireland from BP.
CEO Pierre Eladari says: 'I was pleased to see the business model responding to a sustained period of organic growth across the business segments and regions; with the completion of the integration of UK activities acquired in 2015, growth in the Americas driven by the retail segment and good operating performance in retail and aviation across all regions.
'With the macro-economic environment improving and our ability to leverage the fully invested platform we have established, I am confident in the business' ability to continue its growth trajectory in 2017.'
It's all about locationA Middle Eastern first Securing safety excellence in storage A gateway to global business Storage: a rapid growth story Ethanol is not petrol - test results raise fire safety issues Oil logistics: the highest level of data exchange fidelity Tank degassing and cleaning with encapsulator agents Integrated terminal automation solution facilitates remote depot management Risk management or risk blindness?