Intereuropa plans strong growth in revenue, profit by 2022

Ljubljana, 05 February (STA) - The logistics group Intereuropa has adopted a five-year strategic plan which envisages a growth of revenue from EUR 168.5m expected this year to EUR 210.3m in 2022. Operating profit is expected to increase from EUR 7.1m to EUR 11.6m, while the number of employees is planed to rise from 1,380 to 1,563.

The development of the principal activity of Intereuropa planned in the 2018-2022 strategic plan is expected to be based on road transport, intercontinental transport and logistics solutions, with the accompanying products.

The plan published on Tuesday and confirmed by the supervisory board on 22 November, envisages the earnings before interest, taxes, depreciation and amortisation (EBITDA) increasing from the planned EUR 13.2m in 2019 to EUR 18.5m in 2022.

Intereuropa plans to make EUR 7.1m in operating profit this year, compared to EUR 11.6m planned for 2022, while the number of employees is expected to increase from an estimated 1,380 at the end of 2019 to 1,563 at the end of 2022.

In the 2019-2022, the Koper-based group plans to earmark EUR 36.8m for investments, mostly in expanding warehouses and in technological modernisation. It also plans to expand its warehousing capacities by leasing.

The group plans to focus on products with higher added value, including logistics solutions, and products with a growth potential, including road transport, air transport and maritime transport.

Intereuropa sees a growth potential in a majority of the existing markets. It remains focused on the markets of the former Yugoslavia, while it is not excluding further expansion on major markets of Southeast Europe.

The logistics group will continue to deleverage and secure financing of its operation with a combination of its own and borrowed funds. A major source for deleveraging will be the sale of non-core assets.