“We achieved our goals for last year, we kept the revenue at around EUR30 million. We see 2018 as an unstable year, we’re looking at it with nervousness and fear, considering what is going on the market, the depreciation of the domestic currency, the rise in expenses. What our politicians have sown cannot yield good crops. We are not planning any major investments,” Romeo Dunca, who runs the company and is one of the shareholders, told ZF.
Dunca family owns the majority stake in the company.
Dunca Expeditii is one of the largest companies in its sector in Romania and works for automotive and FMCG customers. Its main market is Europe. It took out a EUR1 million loan from Raiffeisen Bank last year to fund its day to day business.
“We will only buy 60 to 70 trailers this year, an about EUR2 million investment. We’re working with the same customers, at capacity. We provide transportation services to automotive and construction companies, we have customers in all industries. The shortage of drivers on the labor market remains unchanged,” Romeo Dunca added.
Finance Ministry data show Dunca Expeditii ended 2016 with almost 159 million (EUR334 million) revenue and RON3 million net profit, down from the RON167 million revenue and RON4.3 million profit of 2015. It made significant investment in 2016, when it bought 100 trucks and 140 trailers. Total investment was estimated at EUR9 million. (EUR1=RON4.6374)
(English version by Loredana Fratila-Cristescu)