Statoil Fuel & Retail ASA : Statoil Fuel & Retail Q4 2012 results
21 March 2013 - Statoil Fuel & Retail AS, a wholly-owned subsidiary of
Alimentation Couche-Tard Inc. (TSX: ATD.A, ATD.B), publishes its fourth
quarter 2012 results.
Statoil Fuel & Retail's fourth quarter 2012 financial statements and review
Raymond Paré, Vice-President and Chief Financial Officer
Tel: +1 (450) 662-6632 ext. 4607
Alimentation Couche-Tard Inc. is the leader in the Canadian convenience store
industry. In North America, Couche-Tard is the largest independent convenience
store operator (whether integrated with a petroleum Corporation or not) in
terms of number of company-operated stores. As of April 29, 2012, Couche-Tard
had a network of 5,803 convenience stores, 4,216 of which include motor fuel
dispensing. At the same date, the Corporation had agreements for the supply of
motor fuel to 350 sites operated by independent operators. Couche-Tard's
network consists of 13 business units, including nine in the United States
covering 42 states and the District of Columbia, and four in Canada covering
all ten provinces. In addition, under licensing agreements, about 3,990 stores
are operated under the Circle K banner in nine other countries worldwide
(China, Guam, Hong Kong, Indonesia, Japan, Macau, Mexico, Vietnam and United
Arab Emirates). More than 60,000 people are employed throughout Couche-Tard's
retail convenience network and service centers in North America.
Through its acquisition of Statoil Fuel & Retail ASA in June 2012, Couche-Tard
also operates a broad retail network across Scandinavia (Norway, Sweden,
Denmark), Poland, the Baltics (Estonia, Latvia, Lithuania) and Russia, with
approximately 2,300 stores, the majority of which offer fuel and convenience
products while the others are automated (fuel only) stations. Couche-Tard also
offers other products, including stationary energy, marine fuel, aviation
fuel, lubricants and chemicals while it operates 12 key terminals and 38
depots in eight countries as well as approximately 400 road tankers. Including
employees at Statoil-Branded franchise stations, about 18,500 people work in
Couche-Tard's retail network, terminals and offices across Europe.
Q42012 Financial statements and review
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Source: Statoil Fuel & Retail ASA via Thomson Reuters ONE
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