Russian FESCO Transportation Group has achieved revenues of more than US$1.4 billion in 2021, marking a significant increase of 83% compared to 2020 figures, while the company’s net profit skyrocketed by 354% surpassing US$475 million.
Additionally, FESCO has reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of almost US$597 million in the last year, growing by 286% compared to 2020 results.
Meanwhile, the Russian transportation firm has announced record volumes of cargo transshipment in the Commercial Port of Vladivostok (CPV) in the amount of 13.3 million tons, including a record container turnover of 757,000 TEU.
Furthermore, FESCO’s intermodal transportations volumes increased by 18% compared to 2020 and amounted to 465,000 TEU by developing the geography of transportations, increasing its container fleet and the fleet of fitting platforms. At the same time, total volumes on the marine arm of multimodal transportations are maintained at the level of 2020 despite market restrictions caused by the imbalance of supply chains due to the Covid-19 crisis.
