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.