Traxion, a firm dedicated to transportation and logistics nationwide, reported that its net profit at the end of the first quarter of 2021 totaled 197 million pesos, an increase of 52% compared to the same period in 2020.
Meanwhile, consolidated revenues increased 809 million pesos, an increase of 25.4%, to add 3,993 million pesos. According to the report presented to the Mexican Stock Exchange (BMV), this increase was mainly due to the fact that the logistics and technology segment, as well as the mobility of people captured 116.2% and 18.3% more than the previous year.
“For Traxion, the business lines that are developed through the Logistics and Technology division are transcendental due to their focus on innovation and low use of fixed assets, with lower investment requirements than our traditional businesses, which contributes to increasing profitability. of the company ”, affirmed Aby Lijtszain, president of the company.
For its part, the consolidated EBITDA reached 801 million pesos, 24.7% more than in 2020 and the margin of this indicator was positioned at 20.1%; added to the fact that from January to March 389 million pesos were invested.
“During 2020, and derived from the health contingency, the e-commerce channel experienced unprecedented growth, which caused various logistics services that serve this channel to grow and develop rapidly. The company was very well positioned to capture this growth, especially in last-mile delivery and 3PL warehouse services, ”he added.
He added that in these first three months, the contracting of a committed credit line for 3.5 billion pesos was recorded, which was used to prepay and refinance the current syndicated loan, thereby improving its debt profile.