cargo-partner Notches Increase in Sales in 2017

International transport and info-logistics provider, cargo-partner, has increased its revenues once more in 2017 and registered positive developments in a number of key business areas. The consolidated group turnover of 698 million euro represents a clear confirmation of the company’s growth trajectory.

cargo-partner’s consolidated turnover has risen by over 26 percent from 555 million euro in 2016 to 698 million euro in 2017. During the same time period, total assets have increased from 143 million euro to a total of 189 million. The logistics provider’s net profit amounted to 6 million euro with 56 million euro in equity, which corresponds to an equity ratio of 30 percent.

In the past year, cargo-partner handled a total of 1,001,500 shipments. This is approximately 90,000 units more than in the reference period of 2016. The company registered an especially strong growth in the air freight sector, where tonnages have risen by 23 percent to 171,000 t. In the area of sea freight, the transport and info-logistics provider was also able to increase volumes by 9 percent to 1,831,000 t. In trucking and logistics, cargo-partner exceeded the 1-million mark for the first time with 1,018,000 t of cargo.

Finally, cargo-partner also registered substantial growth in the contract logistics sector thanks to several significant recent expansions. In addition to the newly constructed iLogistics Center at the company headquarters near Vienna Airport with a total area of over 12,200 m² (opening in fall 2018), cargo-partner recently invested in a new warehouse in Sofia, Bulgaria (16,500 m²) as well as in the expansion of its logistics center in Dunajska Streda, Slovakia (from 7,200 m² to 14,200 m² in 2017, with a further expansion by 4,000 m² by the end of 2018) and new warehouse locations in Hamburg (4,900 m², opened in 2017), Clarksville, Tennessee und Chicago, Illinois (14,000 m² each, opened in 2017), Ljubljana (25,000 m², opening in 2019) and Hong Kong (3,000 m², opening in winter 2018).

 

Category: General Update, News