22 Jun 2022 11:28

Globaltruck aims to stay profitable, increase revenue 25-30% in 2022

MOSCOW. June 22 (Interfax) - Globaltruck (PJSC Globaltruck Management (GTM) ) aims to increase revenue to IFRS by 25-30% in 2022 and remain profitable, the Russian trucking company's CEO, Ilya Sattarov said in an interview with Interfax.

"For revenue, we're factoring in growth of 25-30% this year. We expect that the group's EBITDA figure will be higher than last year," Sattarov said, adding that the group plans to increase forwarding revenue to 5 billion-6 billion rubles in 2022 from 3.5 billion rubles in 2021.

He said the "main pressure on financial results right now is interest expenses on bank loans due to the fact that part of the group's debt portfolio sharply increased at once."

"If we had not faced the political crisis, I would have confidently said that we intend to increase IFRS profit. But now I'm only prepared to say that we'll remain profitable," Sattarov said.