Moving Energy Forward
Gunvor Group Results 2015
Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2015:
REVENUE:
US $64 billion
VOLUMES:
180 million MT
NET PROFIT AFTER TAXES:
US $1.25 billion
“It is a credit to the company’s broadening management structure that Gunvor has emerged stronger over the past year, despite the challenges we’ve faced,” said Gunvor Group CEO Torbjörn Törnqvist. “We’ve seen an increase in volumes, an increase in earnings from trading, and continued geographic diversification. We’re very well positioned to operate in current market conditions.”
Throughout 2015, Gunvor continued a series of planned divestments of Russian assets, which is now complete. Gunvor also continues to assess new asset investments, having most recently acquired a crude oil refinery in Rotterdam, The Netherlands. The company is now responsible for more than 1,000 refining jobs in Europe and approximately 275,000 b/d of installed refining capacity.
About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy and bulk materials from where they are sourced and stored to where they are demanded most. Gunvor has strategic investments in industrial infrastructure—refineries, pipelines, storage and terminals—that complement our core trading activity and generate sustainable value across the global supply chain for our customers
“It is a credit to the company’s broadening management structure that Gunvor has emerged stronger over the past year, despite the challenges we’ve faced,”
Gunvor Group CEO Torbjörn Törnqvist