Eurotrans reported a threefold increase in net profit under IFRS for 2022
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Eurotrans JSC (trassa brand) reported a threefold increase in net profit under IFRS for 2022, at the end of the year it amounted to 1.7 billion rubles. against 0.555 billion rubles. in 2021. This was reported in the press service of the company with reference to the reporting data.
According to the results of the reporting, at the end of the year, consolidated revenue increased by 26.5% compared to 2021 and amounted to 61.9 billion rubles, which was 16% higher than expected. EBITDA doubled year-on-year to RUB 6.5 billion, more than 6% above the forecast.
According to the independent auditor Audit Prof Garant, the company’s main indicators exceeded forecasts due to increased brand awareness.
Earlier in an interview with Vedomosti, the network owners declared about plans to enter an IPO in 2023. According to the company itself, it ranks second among independent filling station operators in the Moscow region with a 3.2% market share. Then the company reported that by 2025 they plan to increase revenue by more than 1.5 times.
Eurotrans carries out wholesale and retail sales of fuel, and also offers other related products at filling stations. In addition, the company sells its own non-freezing windshield washer fluid, and also designs and builds filling stations. Eurotrans is included in the list of backbone organizations of the Russian economy.
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