Haulers in Estonia: profit to fall by a tenth in 2008
23.09.2008, 17:06
Estonian haulers forecast that the profit
will decrease by a tenth in 2008 y-o-y.
2007 was one of the worst years for the haulers: profits fell by a fifth
compared to the year before. But the worst is waiting ahead: the risen fuel
prices and supply that exceeds demand significantly allow earning single profit
kroons, aripaev.ee writes.
While evaluating the overall profitability of the market, the haulers are
even more pessimistic. Aare Laanemets, management board member of OÜ ALTEF,
forecasts that the profitability will be in minus. At least 20 pct smaller than
on previous year, adds Peeter Murumägi, member of the management board of OÜ GRT
Estonia.
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Janek Raudmets, CEO of OÜ Redline, forecasts that majority of the transport
companies will end the year in zero or with a slight minus. And in that case
they are still doing good, he added.