Hupac keeping traffic network in 2009
Hupac reported again positive group result in 2008 Despite a drastic slump in traffic in the fourth quarter, combi operator Hupac reported a traffic growth of 1.8 per cent and a positive group result for 2008. As the economic crisis continues in 2009, the company is maintaining the transport network and continuing its strategic terminal investments. “As one of Europe’s leading combined transport operators, we aim to stand our ground even in the crisis,” emphasised Bernhard Kunz, Managing Director of Hupac. Turnover rose by 2.3 per cent in the fiscal year 2008, though net costs were 7 per cent above the previous year’s level. This led to a reduction in gross profit of 17.6 per cent. Despite the fall in demand throughout the year and the slump in the market in the fourth quarter, Hupac was able to generate an annual profit of CHF 2.8 million. This equates to a reduction of 61.1 per cent compared to the previous year. The Group’s cash flow amounted to CHF 33.9 million by the end of the year, which equals a decline of 43.8 per cent. Investment volume reached. Quelle: Österreichische Verkehrszeitung |