Turnover of highly successful Estonian company has fallen by more than half

Bunker Partner OÜ, which is mainly involved in the shipping sector and is one of the fastest growing companies in Europe, earned 60% less last year compared to the previous year, when the company's turnover exceeded one billion, writes dv.ee. Empty pockets lead to people taking out additional loans without realizing all the risks. Photo: Shutterstock

Bunker Partner OÜ, which is mainly involved in the shipping sector and is one of the fastest growing companies in Europe, earned 60% less last year compared to the previous year, when the company's turnover exceeded one billion, writes dv.ee.

The annual report shows that the company continued to actively sell marine fuel last year, but stopped shipping cargo. As a result, turnover fell from one billion to 410 million euros.

This, in turn, led to a decrease in profits – if the company ended the year before last with a profit of 36.5 million euros, then in 2023 this amount was just over seven million.

Management does not expect significant changes in the company's operations this year.

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