5.8 C
Bucharest
December 9, 2022
BUSINESSCOMPANIESECONOMY

Aquila reports a 64 M Lei net profit at the end of Q3, up 47% on the year

Aquila, the leader in FMCG integrated distribution, logistics and transport solutions, recorded a net profit of 64 million lei at September 30, 2022, up 47% (20 million lei) compared to the result reported in the third quarter of last year. The acquisition of Trigor, in the first half of 2021, contributed by 2.6 million lei to Aquila’s profitability, according to the consolidated financial results.

The company’s revenue grew consistently in the third quarter of the year, to 1.543 billion lei, approximately 164 million lei more than in January-September 2021. The main drivers of the evolution are represented by the increase in distribution revenues and the acquisition of Trigor, which had an impact of 36 million lei, over the same period.

„We continue our positive evolution, with a new quarter of growth and improved margins, although we continue to operate in an unpredictable market context, with macroeconomic and geopolitical influences that bring accents of instability. Distribution revenues were up 12% in the first nine months, driven mainly by the organic growth of this business line. The Horeca and GasStation channels recorded substantial increases of 32% and 14%, respectively, while the consolidation of Trigor contributed with an increase of 3%. Revenues from complementary logistics and transport services increased by 3% and 16%, respectively, along with the alignment of our tariffs to the market context,” said Cătălin Vasile, CEO Aquila.

The gross margin from the sale of goods increased by approximately 59 million lei, with a two percentage points growth, compared to the September 2021 result.

The full version of the Aquila Part Prod Com SA financial results report for to the third quarter of 2022 is available on the company’s website, at https://www.aquila.ro/relatii-cu-investitorii, under the Reports and Presentations section, and on the Bucharest Stock Exchange website, starting 15.11.2022.

 

About Aquila

 

Founded in 1994, with a team of approximately 3,000 employees, Aquila is one of the leaders of the consumer goods distribution market in Romania, successfully operating in Moldova as well. Aquila provides its partners with integrated distribution and logistics solutions, by selling complementary products and services. The group’s revenues increased by 13%, reaching 1,930 million lei at the end of 2021. Aquila recorded a net profit of 71 million lei at December 31, 2021, up 30% compared to 2020.

 

Related posts

EU Commissioner Cretu meets PM Dancila: Romania risks losing substantial funding unless major efforts are made

Nine O' Clock

Uber reveals new international business travel data on World Tourism Day

NINE O'CLOCK

Agricultural production drops 6.8 percent in 2015 because of crop production 10.7 percent decline

Nine O' Clock