The company posted RON494 million revenue, an increase of only 8% year on year.
“Our company is mainly focusing on electronic commerce generated deliveries, as part of a fast-growing supply chain for Romanian consumers, where we have benefited from significant growth since 2020 and this year the trend will continue at the same level. We expect similar results to those in 2020, as a result of the strategic change of online commerce customer portfolio,” Cargus officials told ZF.
They expect volumes to increase soon. The growth in November and December stood at 30% on the previous months in the last few years.
Urgent Cargus is held by buyout investor Mid Europa Partners, which bought it from private equity firm Abris Capital Partners for EUR120 million to EUR130 million, according to ZF estimates, in 2018.
(English version by Loredana Fratila-Cristescu)