Estonia’s fuel market remained stable in 2024, ERR reported. Olerex retained market leadership with annual sales of EUR 551.6mn, which was largely unchanged from 2023. Motor fuel accounted for 81% of overall turnover. The company’s profit remained stable at EUR 6.7mn. Circle K’s revenue declined to EUR 369.3mn, while its net profit increased to EUR 14.3mn. Alexela’s revenue dropped by nearly 4% to EUR 595mn in 2024. Fuel sales accounted for 46% of total turnover. The company suffered a net loss of EUR 5.3mn in 2024, compared to a profit of EUR 8.7mn a year earlier. Neste Estonia’s revenue rose by nearly 5% to EUR 223mn and profit by around 64% to over EUR 3mn in 2024. Terminal’s revenue amounted to EUR 192.3mn (down 18%) and profit to EUR 200,000. Jetoil’s revenue rose by 14% to EUR 154.7mn, while profit declined sharply from EUR 5.6mn in 2023 to EUR 1.5mn in 2024.
Read Less, Know More.