OUTLOOK

The Corona Pandemic In March 2020 the coronavirus (COVID-19) hit worldwide, classified as a pandemic by World Health Organization (WHO). The pandemic continued throughout 2021 and as in 2020 the governments in both Denmark and Norway periodically has taken action to contain the virus by enforcing social distancing, as many countries all over the world. Hence, influencing both international and national markets. Uno-X Mobility’s annual report shows that both COVID-19 and the oil-price impacted the financial figures in different ways.

General Considerations There is always uncertainty regarding the future. A slowly decline in the market for liquid fuels are expected to continue in coming years due to electrification of the car fleet for private transport. Fuel efficiency is increasing, and average fuel consumption per car is declining, however, these trends are partly offset by an increasing population. Regarding commercial road transport the market in the Nordic region still give reason to expect only a very slowly decline in the market for liquid fuels.

Uno-X Mobility aims to deliver the energy demanded by the market going forward, acknowledging all solutions contributing to reducing emissions as well as technologies that help to conserve and protect the environment.

In the years ahead, Uno-X Mobility will continue to focus on growth and development in target segments based on the REITAN-mindset and a focused company structure proven to be robust and highly functional. Uno-X Mobility expect another year of stable value creation for its stakeholders in 2022.