AQUILA budgeted investments of 16.9 million Euro for fleet renewal and warehouse equipment

AQUILA, market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, has budgeted investments of 16.9 million RON for fleet renewal and warehouse equipment in 2024.

AQUILA will allocate 10.9 million Euro for the purchase of 300 Euro 6 vehicles, to replace older vehicles with less polluting ones and with a higher transport capacity. The company aims to continue investments in technology and operational efficiency, by investing 4.6 million Euro in warehouse equipment. The budget is subject to shareholder approval at the General Meeting of Shareholders from April 29, 2024.

Răzvan Bagherea, Director of Organization and Human Resources, AQUILA: “We have committed to long-term development and operational excellence through efficiency and sustainability, key elements for the targeted strategy. We continue investments and the implementation of measures to ensure the necessary resources for achieving the decarbonization goals set and reducing greenhouse gas emissions by 10% by 2026, with 2021 as the reference year. We have a firm commitment to reduce the environmental impact through fleet renewal, optimizing transport routes, streamlining logistics operations, and using alternative energy sources.”

In 2023, the company invested approximately 9 million Euro, of which more than 7 million Euro were allocated to the purchase of over 190 vehicles. With a diversified fleet of over 1,600 vehicles, AQUILA transports goods of all temperature categories (ambient, refrigerated, frozen), both nationally and internationally.

AQUILA owns 14 consumer goods distribution centers, 4 logistics platforms, and 6 cross-docking points, providing a capacity of over 123,000 pallets, of which 77 percent are for ambient environment, 7 percent for refrigerated environment, and 16 percent for frozen environment.

In 2023, AQUILA recorded the best results since the company’s inception, achieving a 14 percent increase in both revenues, which reached 2.5 billion RON, and net profit amounting to 97 million RON.