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BILK Logisztikai revenue exceeds EUR 12 mln in 2018

BILK Logisztikai Nyrt., which owns one of the biggest intermodal logistics parks in Budapest, had revenue of more than EUR 12 million in 2018, up EUR 531,000 from a year earlier, according to a report by state news agency MTI.

The company told MTI it increased warehouse capacity and improved the efficiency of its operation. Occupancy at BILKʼs logistics park stood at 98.7% at the end of the year, up from 98.3% six months earlier.

EBITDA came to EUR 8 mln in 2018. The value of invested assets rose EUR 5.3 mln from a year earlier, to EUR 129.5 mln. The logistics parkʼs leasable area increased by 3,800 square meters, exceeding 186,000 sqm at the end of 2018. 

The company also started building a facility comprising 19,800 sqm of warehousing area and 1,500 sqm of office space. The HUF 3.5 billion investment is due to be completed in the autumn. 

A public offering of BILKʼs shares was scrapped last summer after a parallel private placement failed. But BILK said it is committed to continuing its operation as a real estate investment trust (REIT) in future and is reviewing the necessary steps.