Transportes Azkar targets 8 pct sales, EBITDA growth in 2005 vs 2004
Transportes Azkar SA said it is targeting sales and EBITDA to grow 8 pct in 2005 from 2004, when sales rose 12 pct to 315 mln eur from a year earlier on an 8.39 pct rise in EBITDA to 43 mln eur.
In a presentation, the logistics group said it expects 2005 pretax profit to grow 15 pct compared to previous forecasts for 12-14 pct growth, while increasing its investments forecasts for this year to 25 mln eur from the previous 15-20 mln eur earmarked.
In a separate statement, Azkar said net profit fell to 16.6 mln eur in the full year to Dec 31 from 18.5 mln a year earlier, due to 1.36 mln eur less of one time gains booked in 2004.
