“The company’s turnover has declined slightly, by around 5%, as the railway freight transport market has registered lower volumes at regional and European levels. However, results in October and November lead us to believe will reach a similar level as last year,” company officials told MEDIAFAX.
GFR’s revenues in the first nine months are 99% generated by transport contracts with private companies, company officials added.
GFR had a turnover of RON732 million last year, according to Finance Ministry data, and is the second largest railway freight transporter in Romania, after state-owned CFR Marfa.
Grampet group, which includes GFR, has around 7,400 employees in nine European countries and had a turnover of more than RON1.1 billion in the first nine months.
Group owner Gruia Stoica was indicted for corruption at the beginning of the year.