In Q1, the company observed an increase in turnover of 8.7%, increase in EBITDA of 11.2% and an increase in net income of 26%.
As CONPET published their Q1 2019 report, we are brining you key takes from it. According to the report, the company observed a turnover of RON 98.8m, representing an increase of 8.7% YoY. Of that, revenues from transport account for 97%, which observed an increase by RON 5.9m (+6.7%). Other revenues relate to revenues from land rental and telecommunications equipment, shunting cars, sale of tubular material etc. This amounted to RON 2.8m, representing an increase of RON 1.9m.
In Q1, operating expenses amounted to RON 90.5m, which represents an increase of 5%. The increase could mainly be attributed to the salary increases and the provision expenses related to untaken annual leaves and employees share of profit.
Conseqnuently, EBITDA amounted to RON 26.7m, which is an increase of 11.2%. Compared to the 2019 budget, EBITDA is 20.8% higher.
Going further down the P&L, the company observed a net financial gain of RON 1.9m, representing an increase of RON 0.8m.
In Q1, the company recorded a net income of RON 14.4m, which represents an increase of 26% and is 52.2% higher than the 2019 budget.
