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Sep 01, 2023 12:09 EEST
September 1 (SeeNews) - Bulgarian e-commerce logistics services provider euShipments grew its revenue by about 140% year-on-year in the first half of 2023 and plans to acquire two companies in the Central and Eastern Europe (CEE) region by the end of the year, a company representative told SeeNews.
In 2022, euShipments' total revenue came in at some 15.1 million levs ($8.4 million/7.7 million euro), the company representative said in an email response to a SeeNews enquiry on Thursday.
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By August of this year, the company processed and delivered over 2 million shipments, compared to 1.8 million handled for the full 2022.
Looking ahead, euShipments expects to maintain the growth posted in the first half of 2023 until the end of the year, the company representative said.
The company plans to acquire two CEE companies by year-end as part of its development strategy, focusing on improving its market share in the region and becoming a leading logistics company.
Earlier this year, euShipments acquired e-fulfilment provider Helpship in Romania and fulfilment and logistics company Pick & Pack in Croatia, expanding its operations and market presence in the two countries.
Currently, the company handles the most shipments to CEE markets, such as Romania, Greece, Bulgaria, Hungary, Croatia and Czechia.
Ruse-based euShipments operates 12 fulfilment centres and has a network across 27 European countries. Its portfolio includes services from over 50 of Europe's largest courier companies.
(1 euro = 1.95583 levs)
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