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Press release: Net profit of Lux Express Group in 2013 amounted to 1.4 million euros

19.02.2014

17.02.2014
PRESS RELEASE
 

Net profit of Lux Express Group in 2013 amounted to 1.4 million euros

The number of passengers carried by the leading operator of international express coach routes in the Baltic region, Lux Express Group, grew last year by 7.9 per cent, up to 717,900 passengers. Most of the growth was contributed by the routes operating between the capital cities of the Baltic states.
 
Last year the turnover of Lux Express Group amounted to 13.73 million euros; the net profit for the year was 1.4 million euros. In 2012, the Group’s turnover amounted to 12.11 million euros. Due to the investments made to launch new routes, the net loss for the year 2012 amounted to 560 000 euros.
 
“For Lux Express, the year 2013 was successful – investments made to open new routes in 2012 resulted in positive outcome last year,” told Hannes Saarpuu, CEO of Lux Express Group. “Compared to the previous years, when we focused on launching a number of new routes, in 2013 the Group focused on stabilizing and improving the existing routes.”
 
According to Mr. Saarpuu, the demand grew considerably on international long-distance routes both between Tallinn and Riga and between Riga and Vilnius. To meet the demand, Lux Express added additional departures on these routes.
 
“The approximately eight per cent growth on the routes within the Baltic states is mostly attributable to the increased number of business travellers. Business travellers especially appreciate the opportunity that our regular and high-quality transport connections offer for working while travelling,” commented the CEO of Lux Express Group.
 
The overall number of passengers travelling on routes in the Baltic states amounted to a total of 271,400.
 
As another benchmark, characterising the last year, Saarpuu highlighted the opening of Vilnius-Warsaw-Berlin route in the middle of 2012. The number of passengers travelling on this route amounted to 92,150 people, showing constant monthly growth.
 
A total of 326,700 people travelled to and from St. Petersburg, maintaining the level achieved over previous years.
 
According to Mr. Saarpuu, Lux Express Group will also in 2014 continue investing in its service unification and modernisation of the fleet. “During the second quarter ten more new coaches will be added to different routes. We also plan to expand our route network and enter some new markets,” he added.
 
Lux Express Group is an international network of transport enterprises that operates in the Estonian, Latvian, Lithuanian, Polish, Russian and German markets. Lux Express Group offers its customers convenient and high-quality travel solutions under exclusive Lux Express and affordable Simple Express brands.