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Progress Trading, A.S. (Slovakia)

Main Activities: Basic Chemical Manufacturing | Petroleum and Petroleum Products Merchant Wholesalers
Full name: Progress Trading, A.S. Profile Updated: October 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Progress Trading, a.s. is a Slovak fuel storage company located in Trebisov. They have top-of-the-line technology and their own storage capacity. The company handles the smooth process of receiving, storing, handling, and producing fuel blends until the final distribution of the fuel. They have advanced storage facilities and extensive experience in fuel logistics, providing exceptional conditions for their largest business partner, PETROLTRANS, a.s. They offer comprehensive services in fuel reception, storage, production, and distribution, ensuring successful relationships with all their business partners. Progress Trading, a.s. prioritizes maintaining the highest quality of fuel throughout the logistics process. They collaborate with the accredited laboratory EUROFINS / BEL NOVAMANN to meet this requirement. They have the capability to produce fuel blends with additives and meet the volume of bio-components required by law. The company works closely with the Financial Administration and tax authorities to ensure transparent compliance with all requirements related to fuel supply, logistics, and high-quality fuel. Their status as a manufacturing company allows them to produce specialized fuels according to their partners' specific formulations. The main activity of their storage facility in Trebisov is providing complete fuel logistics, including reception, storage, and distribution to customers, as well as the production of biofuels and fuel blends as required by law. The facility is equipped with modern technology to ensure high-quality services. The fuel quality is continuously monitored by an internationally accredited laboratory operated within the warehouse. The total storage capacity of the Trebisov facility is 14.5 million liters of fuel. In addition, Progress Trading, a.s. operates a storage facility in Kezmarok, which was previously a trading plant of the state-owned company Benzinol. The main activity of this facility is the storage of petroleum products in a tax warehouse under the control of the Financial Administration of the Slovak Republic, followed by sales to gas station networks and wholesale customers. The storage and production areas are located in the industrial outskirts of Kezmarok, where petroleum products such as diesel, gasoline, motor oils, and fuel additives are stored. The supply of petroleum products is ensured by railway tankers, which are then transferred to large storage tanks through an above-ground pipeline bridge. The dispensing of petroleum products is done through a loading platform into tanker trucks. The filling technology allows for automated addition of additives to improve the properties of the fuel according to customer requirements. After extensive reconstruction of the technological equipment, measurement, and regulation in 2016, the warehouse is now automated through a central control panel. The facility is fenced, secured by continuous security services, and equipped with a camera system.

Headquarters
Cukrovarska, 22
Trebisov; Kosicky; Postal Code: 07501

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Website: http://www.progresstrading.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
October 22, 1993
Key Executives
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Chairman of the Board
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Vice-chair of the Board
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Member of the Supervisory Board
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Member of the Supervisory Board
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Member of the Supervisory Board
Ownership Details
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100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EUR. Absolute financial data is included in the purchased report.
Net sales revenue
-41.37%
Total operating revenue
-80.88%
Operating profit (EBIT)
N/A
EBITDA
-93.85%
Net Profit (Loss) for the Period
-39.88%
Total assets
-28.58%
Total equity
-42.65%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
3.56%
Return on Equity (ROE)
2.21%
Debt to Equity Ratio
17.26%
Quick Ratio
-0.35%
Cash Ratio
-0.48%

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