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.  

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.