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Tuesday, 27.05.2025, 21:41
Gefco Baltic posted 10% turnover rise in 2019
BC, Riga, 10.08.2020.
Print version
Print versionGefco Baltic logistics company last year posted EUR 43.575 mln in turnover, up 10.9% from a year ago, while the company's profit shrank 10.6 % to EUR 862, 231, according to Firmas.lv writes LETA/BNS.
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The management said in its report that this year the
European vehicle production industry has been heavily impacted by the Covid-19
pandemic.
The company has information that car building factories in
Europe resume work, therefore Gefco Baltic expects that sales will grow again
from June.
The company primarily delivers trucks to Gefco group
companies and a broader market.
In 2018, Gefco Baltic posted EUR 43.575 mln in sales, while
the company's profit was EUR 964,316.
The company's sole owner is French company Gefco.
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