C.S.CARGO Group posted 2016 consolidated revenues of over CZK 4.5 billion

C.S.CARGO, the Czech transport and logistics company, recorded revenues of CZK 4.5 billion in 2016, the same as in 2015, but saw its profits increase.  Earnings before Interest and Tax (EBIT) went up by one third in 2016 to CZK 151 million.

“The last year was a good one for the C.S.CARGO Group. Our revenues were at the level of the previous year, but our profits were up, which attests to the efficiency of the group. One of the factors in that is that we acquired a fleet of new vehicles which help us save on the operating costs side. The additional capacity and ‘green’ operation of these new trucks also gives us a competitive edge on the market, which is also a significant factor,” Aleš Willert, CEO C.S.CARGO, explains the market situation.

C.S.CARGO Group posted revenues of CZK 4.5 billion and EBIT grew 32.4% year on year to CZK 151 million. With the revenues being stable, EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization), which is indicative of the company’s operating efficiency, grew nearly 5% to CZK 394 million. Investments in the upgrade of the fleet, of nearly CZK 200 million, had also a positive effect on the bottom line, just as they did last year.

“In the Czech Republic, customers are highly price sensitive, and this trend is further exacerbated by competition from the east. The main thing is that the C.S.CARGO Group is maintaining its profitability. The biggest challenge for us, as for the whole market, is the shortage of drivers and increasing costs,” adds Aleš Willert.