It did not make a profit last year, its sixth in the red. It posted RON85 million loss in 2023.
Cargus continues its international expansion plans. Last year, Cargus’ investment budget amounted to about RON25 million and significant portion of it went towards expansion in other markets.
The move abroad and support for international trade comes at a time when e-commerce has seen significant growth supported by the pandemic, a trend that has continued to grow even after the removal of COVID restrictions.
The company has seen an increase in volumes in the first part of this year, both in the local and international markets. Company representatives expect 2024 to continue on a moderate growth trend, largely driven by consumer spending and public investment.
(English version by Loredana Fratila-Cristescu)