OW Bunker: More than 30 percent growth in 2013

Bunker company OW Bunker finished 2013 with a growth of more than 30 percent in volumes as well as profits, and the company is now officially launching the process toward an IPO on the Copenhagen Stock Exchange.

As widely expected, OW Bunker was able to present an annual report for 2013 showing solid growth rates. The company's volume and profits thus improved by more than 30 percent, according to the report.

The adjusted result for the year came to USD 68.3 million, up 37 percent from the USD 49.8 million the company made in 2012. Fuel sales increased by 32 percent, to 29.2 million tons in 2013, compared to 22.1 million tons in 2012. And expectations for 2014 continue to rise, as the OW Bunker now anticipates a 10 percent growth in volumes compared to 2013. The result is expected to improve at the same rate.

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