EnglishLogistics group CS Cargo has reported 172 million EUR in turnover for last year, well above the projected 20% increase. Compared to 2006, revenues actually increased by 54%. CS Cargo CFO Filip Otruba said the logistics sector in Central and Eastern Europe was booming and the company was aiming for a 20% increase in turnover in 2008.
EBITDA reached 23 million EUR last year, equal to a margin of 13.8%. Expenses exceeded 143 million EUR, up by 45% y/y. "We managed to maintain healthy EBITDA, despite a significant increase in the price of diesel in Q4, which affected smaller companies," Otruba added.
In 2006, the company landed 11 million EUR in turnover and 10,530,000 EUR in EBITDA. Plans for this year include the consolidation of the leading position on the Czech market and further expansion in Central Europe and Russia. The Russian fleet will soon reach 100 units, whereas a new management team will take over this market.
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