C.S.CARGO Group posted 2016 consolidated revenues of over CZK 4.5 billion
C.S.CARGO, the Czech transport and logistics company, recorded revenues of CZK 4.5 billion in 2016, the same as in 2015, but saw its profits increase. Earnings before Interest and Tax (EBIT) went up by one third in 2016 to CZK 151 million.
“The last year was a good one for the C.S.CARGO Group. Our revenues were at the level of the previous year, but our profits were up, which attests to the efficiency of the group. One of the factors in that is that we acquired a fleet of new vehicles which help us save on the operating costs side. The additional capacity and ‘green’ operation of these new trucks also gives us a competitive edge on the market, which is also a significant factor,” Aleš Willert, CEO C.S.CARGO, explains the market situation.
C.S.CARGO Group posted revenues of CZK 4.5 billion and EBIT grew 32.4% year on year to CZK 151 million. With the revenues being stable, EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization), which is indicative of the company’s operating efficiency, grew nearly 5% to CZK 394 million. Investments in the upgrade of the fleet, of nearly CZK 200 million, had also a positive effect on the bottom line, just as they did last year.
“In the Czech Republic, customers are highly price sensitive, and this trend is further exacerbated by competition from the east. The main thing is that the C.S.CARGO Group is maintaining its profitability. The biggest challenge for us, as for the whole market, is the shortage of drivers and increasing costs,” adds Aleš Willert.
Aleš Willert becomes new general manager of the entire C.S.CARGO group. Petr Volák takes over management of the Czech company C.S.CARGO
Prague, 13 September 2018 – Aleš Willert, until recently the general manager of C.S.CARGO, became the general manager of the entire C.S.CARGO Holding a.s. group on 1 September. He was replaced at C.S.CARGO a.s. by Petr Volák. The purpose of these changes is to enhance synergies of all countries where C.S.CARGO operates, mutual cooperation and exploitation of business opportunities.
C.S.CARGO is a partner of this year’s edition of the Letní Letná international festival. The event featuring performances by foreign and Czech stars of contemporary circus will take place in Prague from 15 August to 2 September. In addition to the festival itself, C.S.CARGO is also a supporter of the spectacular opening of the festival in the form of an open air show titled De Nova Stella, which was created on the occasion of the festival’s fifteenth anniversary. This free show will be performed twice, on Wednesday, 15 August, and Thursday, 16 August.
Prague, 2 July 2018 – Last year, the revenues of C.S.CARGO Group, haulage and logistic services provider, went up to close to CZK 4.7 billion. The logistic services segment was a major contributor, as a result of a 40% increase of warehouse capacity, seconded by a higher demand for deliveries to Russia and all former CIS states. The Group also invested more than CZK 200 million in the upgrade of its fleet of trucks over the period.
The Forman Brothers Theatre’s ARENA is a festival of theatre, new circus, music and contemporary visual art. The purpose of the festival is to create more space in the centre of Prague that visitors can use for cultural experiences and relaxation.
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