20 Mai 2009
MOL Romania sells 5.8% less fuels in Q1 y/y
MOL Romania, the unit of Hungary's biggest refinery MOL Nyrt, reported a 5.8 percent drop of fuel sales in the first quarter this year versus the similar period last year, under the effect of the economic downturn, NewsIn informs.
The company withdrew a product from its portfolio in April last year, which affected the general sales. Consequently, its market share slipped from 11.3 percent to 10.8 percent year-on-year.
Moreover, fuel sales for corporate clients were also affected by the global crisis, dropping an annual 14.1 percent in the first quarter.
The company opened its third gas station this year after spending about 1 million euros, without the cost of land, the general director, Zsolt Szalay said. MOL Romania is betting on investments in gas stations, planning to consolidate the net and pay extra attention to cost management, he added.
Moreover, fuel sales for corporate clients were also affected by the global crisis, dropping an annual 14.1 percent in the first quarter.
The company opened its third gas station this year after spending about 1 million euros, without the cost of land, the general director, Zsolt Szalay said. MOL Romania is betting on investments in gas stations, planning to consolidate the net and pay extra attention to cost management, he added.