photo: BUDAMAR, RAILTARGET Archive/Rail Carriers Face Decline in Traffic, While Budamar Logistics Holds Strong Market Position
Rail carriers throughout Europe are experiencing a drop in transport volumes. This decline is largely attributed to the unfolding energy crisis, resulting in fewer coal shipments. The Russian war in Ukraine further complicates the situation, restricting the use of certain transport routes. Concurrently, shipments of Ukrainian grain have seen a sharp decrease. Notably, while the transport and logistics sector recorded an impressive 18 percent surge in total sales, outstripping inflation by a clear five percentage points, it also witnessed a startling 60 percent decline in net profit. Amidst this tumultuous backdrop, BUDAMAR Logistics stands its ground as the crown jewel, even as the industry wrestles with fluctuating financial outcomes.
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BUDAMAR operates in Slovakia, the Czech Republic, and Croatia, and has retained its position as the top transport and logistics company, with a remarkable sales boost of 30 percent, pushing the figure close to EUR 400 million. This ascension was supported by the company's strategic focus on expanding its services, particularly in foreign markets. Investments in new wagons, fleet expansion, and innovations in transshipment services further consolidated its stronghold. However, echoing the sector-wide trend, BUDAMAR, too, experienced a 60 percent drop in net profit, a phenomenon attributed to rising energy prices. In the ever-changing landscape, BUDAMAR emphasizes the importance of rail transport and is cognizant of market dynamics, with notable shifts caused by the Russian war in Ukraine and its cascading impact on transportation routes.
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State-owned giants also featured prominently among the sector's heavyweights. Slovak Post, although experiencing a dip in sales, managed to counteract previous losses. Meanwhile, Železničná spoločnost Cargo Slovakia and Železnice Slovenskej republiky both reported sales growth but with significant declines in net profit.
Beyond BUDAMAR and state-run behemoths, other notable players made their mark. Metrans/Danubia, Dalitrans, and Havi Logistics showcased resilience amidst economic headwinds underlining the dynamism and potential of Slovakia's transport and logistics sector.
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