October 6 (SeeNews) - Romanian logistics company Aquila [BSE:AQ] said on Thursday it aims to double earnings before interest, taxes, depreciation and amortisation (EBITDA) in the upcoming five years through both organic growth and acquisitions.
Aquila considers acquiring some major brands which would complement its the current portfolio, it said in a press release.
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"We have a history of consistent growth in business, with an average annual growth rate of revenues of 26% in the last 3 years. In addition, we recorded an EBITDA growth of 2.6 times in 2021, compared to 2018, both through organic evolution and through acquisitions," said Investor Relations Director of Aquila, Jean Dumitrescu.
Aquila is a logistics company founded in 1994 which currently employs over 3,000. In 2021, the company booked a net profit of 71 million lei ($14.2 million/14.4 million euro), up 30% on the year, and a turnover of 1.93 billion lei, up 13%, data from the finance ministry showed.
Blue-chip Aquila's shares traded 8.39% higher at 0.5940 lei as of 1433 CET on Thursday on the Bucharest Stock Exchange.
(1 euro=4.9366 lei)