AQUILA, 29% increase in net profit, supported by the distribution business segment

Miruna Macsim 28/08/2023 | 11:19

AQUILA (symbol AQ), the market leader in integrated distribution and logistics services for consumer goods, in Romania and the Republic of Moldova, ended the first half of 2023 with increased revenues and net profit, in line with the communicated strategy.

 

AQUILA’s revenues exceeded RON 1.1 billion in the first half of 2023, an increase of approximately 17% compared to the same period in 2022, driven mainly by the advance of the revenues from the distribution segment, which constitutes over 90% of the company’s total turnover. The company’s net profit reached RON 42 million, an increase of 29%.

“We have achieved strong performances in all three business segments. The traditional and HoReCa sectors were the distribution channels with a higher growth pace. We continued to develop our own brands, focusing on marketing and distribution. With new partnerships, the number of points of sale through which the company sells products across all channels has reached 72,000. AQUILA’s priorities are operational excellence through efficiency, with digitalization component and sustainability,” says Cătălin Vasile, CEO of AQUILA.

In the first half of 2023, within the revenue structure, all three business segments recorded growth, 17% in the distribution segment, 27% in the logistics segment, and 1% in the transportation segment, compared to the same period in 2022. The revenues from our own brands advanced by 38%, reaching RON 39 million.

The gross margin remained steady, at approximately 22%. EBITDA recorded a 17% increase, reaching RON 70 million.

AQUILA made investments totaling EUR 4.1 million in the first half of the year for transportation means, IT equipment, and warehouse facilities, in accordance with the investment plan approved by the General Shareholders’ Meeting in April.

The full report containing results for the first semester can be found here.

 

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