Dan-Bunkering Delivers Solid Results for FY 2020/21, Volume Up By 7.2%

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Dan-Bunkering saw a significant rise in volume supplied compared to the previous year, and managed to gain decent market shares, especially in Asia, when worldwide demand dropped, says a press release published on their website.

Company’s annual results

The Company has announced its annual results for the fiscal year 2020/21, ending April 30th, 2021. The company reports earnings before tax at USD 19.5 million, which is an increase of 28 percent. Volume increased by 7.2 percent year-over-year.

“In a most unprecedented year, our employees around the world have shown tremendous grit. Like everyone else they have been working from home, in and out of isolation, and forced to embrace new digital ways to connect with clients and suppliers. I am very impressed with the way they have tackled these challenges while demonstrating constant commitment and dedication. We are very satisfied with the year’s financial results. Even though the industry in some segments and regions is still struggling, we are confident that as COVID-19 loosens its grip, we will see the market picking up and demand rising. We, therefore, look to the coming fiscal year with optimism,” says CEO Claus Bulch Klausen.

IMO 2020 transition

“Creating value for our clients has always been at the centre of our attention. With the recent IMO 2020 transition well implemented, the interest from clients and suppliers to gain knowledge on alternative fuels is rapidly increasing especially when it comes to supply options, pricing, and regulations,” says Claus Bulch Klausen.

Going forward, Dan-Bunkering will continue to execute on its long-term strategy of adding value in the supply space of traditional fuels while ensuring guidance and optimal solutions for its business partners on new fuels and digital transition.

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Source: Dan-Bunkering