Cargus reports 10 percent revenue growth in the first half of 2023

In the first half of 2023, Cargus recorded a growth of 10 percent in revenues, compared to 2022, and a similar pace is expected for the whole year, a release shows. The company plans to invest around 33 million RON for this year alone, with a focus on logistics, technological solutions for businesses and international expansion.

“2023 has all the features to be a good year for Cargus and to set our growth for the next years: an enriched team, an outstanding operational performance, future product launches that will become benchmarks for our customers’ experience and a growing business outside local borders. Just to name a few. In numbers, we started the year with positive premises, we more than doubled our growth, compared to where we ended last year, and estimate a further increase due to the consistent investments and the hard work of an agile team.”, says Yannick Mooijman, CEO Cargus.

The e-Commerce segment represents an important part of Cargus’ portfolio. The company will continue to capture the domestic e-Commerce growth and expects a 7 – 10 percent increase of the local market overall by the end of the year.

Another Cargus segment that exceeded expectations is the micro and small businesses one – it more than doubled the volumes, compared to H1 2022, and is expected to continue to grow in a fast pace.

Analysing the industry profile, FMCG, IT&C, Beauty, Pharma and Books where the industries with the largest volumes delivered in January – June, FMCG being the industry with the most significant growth.