The sales of Leo Express for first half of the year are close to half a billion CZK. In the Czech Republic the company reached a profit in 2018
PRAGUE 15 August, 2019 - The Leo Express group has transported 1,25 million passengers in the first half of the year and its sales have reached almost half a billion Czech crowns. The group plans to reach one billion in sales and transport two million passengers by the end of the year. At the same time, the company has announced a profit in the Czech Republic for the last year in the amount of 2,5 million CZK after taxes. EBITDAR of the company reached 90 million CZK.
Both the returning and new passengers show that people appreciate our vision of quality and ecologically sustainable transport. Almost half a billion in sales and 1,25 million transported passengers in the first half of the year prove this. We plan to exceed one billion in sales and transport two million passengers until the end of this year. A significant part is played by our Czech operation, where we have noted a profit and EBITDAR of 90 million CZK
In the Czech Republic Leo Express has reached a profit over 2,5 million CZK in 2018. EBITDAR, profit before interest, taxes and depreciation, was 90 million CZK. EBITDAR continues to rise and in the first half of 2019 has reached 62 million CZK, which is a 58% growth compared to last year.
Together with the number of transported passengers the sales continue to grow as well. Sales have reached approximately 800 million CZK in the last year. This year Leo Express plans to exceed one billion CZK and it has reached almost half of this amount in the first half of the year. The growth is caused partly by the strengthening of connections in Germany, the return of the fifth unit in the Czech Republic and also the new connection to Polish Krakow, where Leo Express set off last year as the first private rail carrier in passenger transport.
Leo Express also announced the growth of its train fleet. “From December 2019 we will go in the public service obligation in the Pardubice region and also in the Zlín region with our partner. For these routes, we prepare modern diesel units Leo Express LINT, which our now being finalized. We will bring the quality of Leo Express services to the regional tracks,” explains Jakub Svoboda, managing director of Leo Express for the Czech Republic and Slovakia.
The company is also bidding for other regional tracks, such as the Olomouc region and in Prague. For these tracks, the company is making inquiries for up to 29 electric two-system units from manufacturers Škoda Transportation, Siemens, Alstom, Pesa, Newag, Stadler or Bombardier and also looks at appropriate second-hand vehicles. The new Leo Express electric trains from the world’s largest manufacturer CRRC will arrive to the Czech Republic by the end of the year for approval. They will feature spacious interior or new kitchens with enough space for more refreshments for the passengers. They will also bring a number of technological news, which will help to save the environment. The trains will also include a barrier-free access.
Contact for media
Emil Sedlařík, phone: +420 773 740 512, E-mail: [email protected]
Leo Express is a private multimodal transport group, which started its activities in 2012 with new trains on the backbone lines in the Czech Republic. Since 2014 in Slovakia and since 2018 also in Poland. It also operates an extensive network of bus and minibus lines in the Czech Republic, Poland, Germany, Austria and Ukraine. In August 2017, Leo Express took over the German company Locomore and resumed its operation on the Berlin-Stuttgart route together with the company FlixMobility, becoming the second largest commercial passenger carrier on the German rail. Leo Express is the first Czech carrier to operate a rail connection outside the Czech Republic and Slovakia. In July 2018, it started operations on the Prague – Krakow railway route, becoming the first passenger commercial carrier on Polish railways.
It also provides door2door activities such as transport home to selected addresses in the Zlín Region. In 2016, the company announced the purchase of new trains from the world's largest manufacturer CRRC. In 2017, the company founded the peer-to-peer cashing company SmileCar, which has merged with HoppyGo since June 2018 to become a major carsharing provider. The founder of Leo Express is Leoš Novotný, CEO is Pavel Spilka. More about Leo Express at www.leoexpress.com.