Turnover at Maxol Group declined 23% in 2020

Chief executive of the Irish fuel and forecourt business said the year had posed ‘the biggest challenge’ of his 35-year career

20th October, 2021
Turnover at Maxol Group declined 23% in 2020
Brian Donaldson, chief executive of the Maxol Group, added that increased sales of coffee, alcohol and carwashing services offset decline in fuel consumption volumes during lockdown. Picture: Maxol

Turnover at the Maxol Group, the Irish family-owned fuel business, declined 23 per cent in 2020 when compared to 2019, the group’s chief executive said.

Brian Donaldson said that operating profit pre-exceptional items fell 10 per cent during this period, while gross profit before exceptional items totalled €17 million. Gross profits in 2019 came in at €18 million, up from €15.7 million in 2018.

Donaldson said that the group felt these 2020 results constituted a “strong performance” in light...

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