IncreaseCargus forecasts net sales worth 35 million euro

Cargus, one of the major local express delivery and transportation companies, plans to increase its net sales by up to 40 percent this year, to €35 million. The estimated rise is due to the development of services currently provided by the company and the launching of new services, Cargus President, Augustin Plesea, told Business Standard. 

The company posted net sales worth €6 million in the first quarter of 2007, up 50 percent year-on-year.

Mail and package transportation makes up 85 percent of the company’s operations, while cargo transportation accounts for a further 5 percent.  Some 90 percent of operations are on the local market, and 10 percent abroad.

Cargus also plans to invest some €2.5 million in IT and security equipment. Plesea added that the company will buy 200 cars this year, thus increasing transportation vehicles to 1,500.

“We have a 25 percent share of the domestic market, and plan to increase this to 30 percent in the coming year, based on our security delivery investments,” Plesea said.

The main Cargus competitor in Romania is FAN Courier. Other major companies on the local market are TCE Logistica and Curiero. The market amounted to €140 million in 2006, and is expected to increase to up to €200 million this year.