Press Releases

July 07, 2016

A Good Year for Marquard & Bahls

Marquard & Bahls looks back on a successful 2015, during the course of which it further expanded its core businesses of trading, tank storage logistics and aviation fuelling. Revenues totaled 12.6 billion euros (incl. energy taxes). The company, which operates in 40 countries worldwide with more than 8,700 employees, thus continued its successful development.

In 2015, Marquard & Bahls did business in a market environment dominated by low oil prices and rising demand. The balanced risk mix between the long-term investment business and the more short-term oriented trading business proved itself again and resulted in a good overall performance.

Trading – Mabanaft returns to profitability 

The Mabanaft group ended the year with a clearly positive result despite a fiercely competitive market. Mabanaft Trading achieved a good result, mainly driven by the companies in Germany, the U.K. and the Mediterranean region. Mabanaft Retail also posted gains: The Petronord group had the best year in its history and OIL! Tankstellen reported gratifying earnings. Mabanaft Bunkering also developed in the right direction. The sites in Germany and Asia made good progress and the company achieved a noteworthy result in the U.S. At year-end, the Mabanaft group had sold 21.1 million tons of petroleum products and biofuels.

Tank storage logistics - Oiltanking expands

Oiltanking had another very successful year in 2015, with business in Europe, the Middle East and Asia showing a particularly positive development. In addition to new sites in Mozambique, Brazil and Finland, the company launched new projects in places including Singapore and South Africa. The sale of its minority stakes in two tank terminals in the Benelux region further strengthened its equity situation. Oiltanking used the proceeds to develop new projects and acquire terminals. The Indian EPC (engineering, procurement and construction) business, where restructuring is taking longer than expected, did not fulfil the expectations. At year-end 2015, the network comprised 73 tank terminals in 22 countries, with a total capacity of 19.4 million cbm.

Aviation fuelling – Skytanking above previous year 

Skytanking ended 2015 with a good result, above that of the previous year. In Europe, business was encouraging overall. In India, one of the fastest-growing aviation markets in the world, the local joint venture company developed extremely well and ended the year with a result well above plan. At the end of 2015, Skytanking was represented at more than 40 airports in eleven countries, and recorded a throughput of 15.3 billion liters of jet fuel.

Overview of other activities

In 2015, United Bulk Terminals, which is active in dry bulk handling, suffered from the continued weakness in U.S. coal exports. However, the transshipment of petcoke delivered positive earnings contributions. At year-end, the company had handled a total transshipment volume of 9 million tons.

Newsco, which operates in the upstream services business area, faced a difficult market situation due to the sharp fall in the price of crude oil. Positive impetus came from the Rocky Mountains, where Newsco managed to grow against the trend. At the end of 2015, a total of over 2 million meters of directional drilling had been realized.

Mabagas, a company active in the renewable energy sector, sold its biogas plant in Bardowick in view of increasing market concentration and even tightening regulation, and thus withdrew from the German biogas market. The company remains active in India.

2015 was a successful year for the emissions trading business Carbonbay. The company was able to consolidate its portfolio and generated its first carbon credits from projects in Costa Rica, Peru and India.


Marquard & Bahls will continue on its successful path and pursue controlled, long-term oriented growth going forward. The confidence in its own strengths, the unwavering commitment to its core businesses – trading, tank storage logistics, aviation fuelling – and a strong financial background provide a good starting point for this. Particular attention will be paid to business development across the group, with the aim of developing new business opportunities especially in existing businesses.

Marquard & Bahls AG
is a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Its core lines of business include trading, tank storage logistics and aviation fuelling. Furthermore, the company is active in dry bulk handling, upstream services, renewable energies, carbon trading, fuel analysis and gas supply. Through its subsidiaries, Marquard & Bahls has a presence in 40 countries in Europe, America, Asia and Africa and employs more than 8,700 people.

Press Contact

Corporate Communication
Marquard & Bahls AG
Koreastraße 7
20457 Hamburg

+49 40 37004-0+49 40 37004-7609