AQUILA reports revenues of 624 million RON, up 11 percent in the first quarter of 2024

AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, ended the first quarter of 2024 with an 11 percent increase in the revenues compared to the same period last year, reaching 624 million RON.

The results were supported by the distribution segment following the focus on the channels with the highest growth potential and on expanding the portfolio of products sold through each sales channel. The net profit recorded by the company in the first quarter of 2024 is 19.6 million RON.

Cătălin Vasile, CEO AQUILA: “The beginning of this year was marked by significant events regarding the growth strategy through new acquisitions targeted since the listing at BVB in 2021. In February 2024, we completed the acquisition of Romtec-Europa SRL, and, in April, we finalized the acquisition of Parmafood Group Distribution SRL and Parmafood Trading SRL. We are confident in the opportunities created for the benefit of all stakeholders. We focus on expanding the product portfolio for all companies in the group, so that we develop specific solutions for each sales channel. We also continued the organic growth and development of our own brands. The results recorded in the first quarter were supported by increases of over 25 percent in the HoReCa and gas station distribution channels. We bring value through a wide range of quality products, from over 200 producers present in the AQUILA portfolio, through the logistics and digital solutions offered, and a performance-based vision.”

In the revenue structure, in the first quarter of 2024 revenues from the distribution segment grew by 11 percent, those from the logistics segment by 2 percent, while revenues from the transport segment were at the same level as those achieved in the first quarter of 2023.

Revenues related to the own brands, Gradena, La Masă, and Yachtis, registered an advance of 11 percent in the first quarter of the year compared to the same period in 2023.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) remained at the same level as last year, at RON 40 million.