“The revenue stood at 135 million lei (EUR29.4 million) on June 30, 2017, compared with RON107 million the year-ago period, higher than estimated. We estimate the trend to continue into the second half,” Petru Stefanut, general manager of TTS, told ZF.
The company ended last year with RON280 million revenue, the same as in 2014, but down from the RON322 million of 2015, according to the Finance Ministry. It had budgeted growth of 10% for 2017. The company transports from grain and fertilizers to materials for the heavy industry over the Danube.
The growth came from fluvial transport services and an increase in the volume of freight its customers wanted shipped, TTS officials said.
The transport group last year acquired 51% in Plimsoll Kft, a fluvial and logistics company in Hungary, which gained it entry into Hungary and Austria.
TTS is one of the largest transport groups in Romania on the integrated, naval, fluvial and railroad transport segment. (EUR1=RON4.5816)
(English version by Loredana Fratila-Cristescu)