Trans-Sped closed with a loss last year

By: Trademagazin Date: 2024. 04. 16. 11:12

In addition to a slightly decreasing income, the Trans-Sped Logistics Service Center closed with a loss of about HUF 916 million in 2023 – read the annual report published on the website of the Budapest Stock Exchange (BÉT) on Tuesday.

Year-on-year sales revenue decreased from HUF 32.5 billion to HUF 31.3 billion, and export sales decreased from HUF 8.1 billion to HUF 7.5 billion. The vast majority of revenues came from shipping and freight, and decreased from HUF 22.9 billion to HUF 20.9 billion. The income of warehousing and logistics increased from HUF 4.6 billion to HUF 6.2 billion.
In 2022, the company achieved a profit of almost HUF 350 million.

The report attributes the decline to global economic and financial difficulties. Despite the unfavorable market conditions, Trans-Sped does not expect to have to scale back its activities significantly. Although the net value of tangible and intangible assets decreased slightly and long-term liquidity weakened, capital strength and funds increased, and the capital structure improved compared to the previous year, they pointed out.