Ludoil, accounts and business of the oil company where Error (formerly Sace) will go
Numbers and curiosities of the Ludoil group (which bought the Italpetroli coastal deposits in Civitavecchia and Vibo Valentia from Unicredit) where Rodolfo Error, who resigned as president of Sace, will go
Rodolfo Error has left the presidency of Sace , a company that has recently returned to the portfolio of the Ministry of Economy. The manager was present on the Sace Board of Directors since 2017 and from 2019 he held the role of chairman. The CEO Pierfrancesco Latini remained at the helm of Sace, while for the successor of Error the shareholder would think of the director Federico Merola, the news reports wrote.
The new role of Rodolfo Error
The manager left CDP "to seize new professional opportunities in the private sector", as written in a note dated January 19th . According to rumors of the newspaper La Stampa , Rodolfo Error has obtained a position at the top of Ludoil , an energy company, as the new general manager and CEO of the subsidiary Luce.
The Ludoil company
The Ludoil group , owned by the Ammaturo family , controlled by the parent company Ludoil Energy Srl , is engaged in the sale, logistics and distribution of petroleum products. The company is based in Nola , in the province of Naples. As reported on the company's portal, the sales are headed by Ludoil Energia Srl, while the logistics on the various warehouses are headed by SO.DE.CO. Srl. “The latter, in fact, holds the shares of the various companies that own and manage the oil assets of Ludoil”. The network of service stations, more than 150 with the brands Ludoil, Staroil, Italfuel, Alteroil, Easy fuel, all owned by the company, and with the affiliated brand Eni , are managed by Ludoil Re Spa , a company associated with the group but outside the consolidation area.
Management and ownership
The sole director of the company is Maria Giuseppina Franzese , representative of the company. Massimiliano Mignacca , in the company since 2016, is the sole director of S o.de.co. Srl , Petroli Investimenti SpA , Meridionale Petroli Srl . Mignacca for 10 years held management roles at the Mantua refinery with the MOL Group and then joined Ludoil in 2016, first by starting the new Extra-network segment in the Center-South, then with the role of Network Director, and today as director.
The numbers of Ludoil
According to the latest deposited financial statements, Ludoil has a share capital of 20 million euros , entirely held by Ludoil energy Srl. taxes, which amounted to € 2,482,565. The result before taxes was equal to Euro 2,920,640, a lower level than that of 2019 (Euro 3,048,789) due to higher financial and extraordinary expenses. In 2020 the company reported a positive result, equal to 631 thousand euros . In 2020, revenues exceeded 382 million euros and increased by approximately 100 million euros compared to 2019. In 2020, the positive change in revenues was driven by sales in the wholesale / wholesale sector.
Green is the future
The Ludoil Group in 2021 embarked on a strategy aimed at the green economy . Every year it promotes green investments to build wind and photovoltaic parks with the subsidiary Windfinder. Ludoil owns a wind farm in Sicily , in the city of Troina, and a wind farm in Sardinia . The latest official balance shows that the only stake in other companies, equal to 109,176 euros, is the stake in the consortium with external activity Consorzio Nazionale Riduzione GHG, which aims to reduce greenhouse gas emissions. . By 2023, the group plans to install 250 electricity columns in the service stations with the highest turnout on the network.
The latest acquisitions
In 2014 the company acquired the assets of the Sensi family of the Italpetroli coastal deposits of Civitavecchia and Vibo Valentia from Unicredit . Between 2018 and 2020 it acquired from Eni SpA the Jet Fuel depot in Civitavecchia and the oil pipeline connecting to the Pantano di Grano depot, a hub for aviation fuels for airports. Finally, in 2021 the Ludoil Group acquired the points of sale of the Auchan distributor network , incorporated by Iperstaroil srl, the new company of the group.
The diversifications
In 2016, the company diversified its investments by focusing on the relaunch of the fashion brand Frankie Morello Milano , of the stylists Maurizio Modica and Pierfrancesco Gigliotti. The group is the exclusive owner of the luxury brand Frankie Morello for men's, women's and children's clothing worldwide.
Sace's guarantee for Ludoil
Sace, chaired by Error in the dark years of the pandemic, took on a leading role in granting state guarantees to the largest companies. As La Stampa writes, between 2020 and 2021 Ludoil obtained guarantees on bank loans for a total of about 35 million euros .
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/ludoil-conti-e-business-della-societa-petrolifera-dove-andra-errore-ex-sace/ on Thu, 03 Feb 2022 09:29:56 +0000.