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Results
In 2024, Vos Logistics strengthened the company’s foundation for growth and achieved improved results in 2024. Recovery developed gradually quarter on quarter in both divisions. Turnover amounts to 357.5 million euros, mainly due to ceasing the home-delivery business line of the previous year. In spite of weakening markets and lower volumes, contribution margin was improved to 17.1% including a one-off windfall from a truck cartel settlement. Organization costs decreased both in absolute terms and in relative terms and the indirect costs ratio was brought down to 13.2%.
Ebitda was enhanced by 2.2 percent points. Total depreciations and leases increased due to the inflow of new trucks under operating leases and less book profits on divestments. Interest charges decreased as in the previous year and included Polish penalty interest on corporate income tax.
Corporate income tax and effective tax rate increased -despite the Polish one-offs in 2023, chiefly due to the implementation of a minimum tax on turnover in Romania. The net result turned into break even.
