The highest results since the establishment of the company, revenues of RON 2.5 billion, net profit of RON 97 million in 2023, an increase of 14%
AQUILA (symbol AQ) ends the year 2023 with increasing business and a net profit of RON 97 million, 14% above 2022, the highest since the company was founded. The results obtained came in the context of the company's revenue growth by 14%, up to RON 2.5 billion, mainly supported by the distribution segment, which represents about 94% of the company's total turnover. The preliminary financial results exceeded the budget announced for 2023.
Cătălin Vasile, CEO AQUILA:
"In 2023, we continued the organic growth, and we took steps towards new acquisitions for business expansion. The focus on the distribution channels with higher growth rates, product portfolio diversification, and the development of own brands have contributed to record financial results in 2023. Regarding the M&A component, we completed the transaction with Romtec and advanced discussions for the acquisition of Parmafood companies, for which we received the shareholders’ approval in February 2024. Operational excellence through efficiency, with digitalization and sustainability component, will continue to be a priority for AQUILA. Through the strategic approach adopted, we are moving towards doubling EBITDA by 2026, using the year 2021 as a benchmark."
In the revenue structure, in 2023, the distribution and logistics business segments recorded increases of 14% and 11%, respectively, while the transport business segment recorded a slight decline of 4%. Revenues related to own brands, Gradena, La Masă, and Yachtis, saw an advance of 31% in 2023, up to RON 88 million.
Trigor AVD, the company acquired in 2021, one of the leading players in the consumer goods distribution market in the Republic of Moldova, registered also increased revenues by 14%.
The gross margin remained constant, at approximately 21%. EBITDA recorded an increase of 5%, up to RON 155 million.
AQUILA has made investments of RON 46 million in 2023, for the purchase of transportation means and warehouse equipment and automation.
Press contact: all@vertikgroup.eu