Artoil ended H1/2024 with turnover worth about RON510 million (EUR102.5 million), up 9% from the year-earlier period.
The company had budgeted 10% higher turnover from 2023. It hired 16 people, reaching almost 80 employees at group level.
“For 2025, we aim to expand fixed storage capacity by acquiring or leasing warehousing spaces. During 2025, we will launch the project to boost the capacity of Sag, Timis county warehouse. We also eye expansion in the wholesale area, with an initial EUR800,000 investment budgeted for next year,” stated Artoil officials.
Artoil is a family business established in 2012, based in Timisoara, and its core business is the distribution and marketing of oil products (diesel, gasoline, AdBlue, liquid thermal fuel, road bitumen) nationwide.
(English version by Catalina Apostoiu)