“Our target is to end this year with a profit, and in the first half of this year we managed to recover our profit after making a loss last year. I am optimistic that we will manage to finish with a profit. We are seeing good results in the first half of this year, we have 10% higher revenue, and by the end we estimate that we will reach EUR38-40 million revenue,” Mircea Vlah, general manager of Dumagas Bucharest, told ZF.
Almost 50-60% of business is coming from the automotive sector at the moment. UK and Germany are among the most important markets, the company has contracts with car manufacturers Jaguar, Land Rover, Mercedes and Ford. Dumagas makes shipments from four bases, Romania, Hungary, Bulgaria and Slovakia to these countries, according to the latest data available.
Early this year, Dumagas, controlled by private equity firm Bancroft, won customers in the pharmaceutical industry, cosmetics, food and beverage sector.
“We have orders for transportation, 50% of the business is generated on domestic routes, where we have hypermarket customers, and 50% abroad for automotive customers. We no longer buy trucks or trailers, we lease them. We have 250 trailers,” he added.
(English version by Loredana Fratila-Cristescu)