While last fiscal year was a record-breaking success for PST CLC Mitsui-Soko, as it achieved the best business results in its entire history, the assessment of the fiscal year ending in March is not so positive. The volumes of transported goods have dropped significantly, as have the prices of transports. The partial vacancy of some warehouses, where PST CLC Mitsui-Soko provides storage outsourcing, especially the warehouse in Pohořelice, also played a role. Currently, the company also offers free warehouse space in Mošnov in the Ostrava region and in Úžice near Prague. The turnover of the current fiscal year will be around CZK 950 million, with a total profit of approximately CZK 55 million.
Despite the above-mentioned declines in transport volumes, transport prices and partial vacancy of some warehouses, the company was successful. There was also a stable interest in customs services. Business activities were also significantly successful.
The outlook for the next fiscal year is positive
The business successes of this fiscal year include, for example, the extension of the logistics outsourcing and distribution contract with Continental in the logistics center in Nehvizdy. In addition, PST CLC Mitsui-Soko will open a branch in Slovakia in 2024, where it managed to win a major contract for a large manufacturing company at the end of the 2023 calendar year,” says David Zimandl, CFO of PST CLC Mitsui-Soko. He adds that this is a large tender for internal logistics, so it is an extraordinary success that will have a significant impact on the company’s turnover in the next fiscal year. “Compared to this fiscal year, the turnover is expected to be higher by approximately CZK 700 to 800 million. This acquisition is also related to an increase in profit of approximately CZK 15 million,” says David Zimandl.
As David Zimandl further states, the economic performance has been and will be influenced by the fact that the business development department and marketing of PST CLC Mitsui-Soko have been significantly strengthened, which is reflected in increased visibility on the market.
The outlook for the next fiscal year is therefore positive. “Given the steps taken by the government, which has reduced the economy, we do not expect significantly higher consumption on the part of households and thus higher volumes of transport, but we believe that there will be less growth,” adds David Zimandl.
Customs services are the company’s flagship, a branch in Rotterdam is being developed
In this fiscal year, the Customs Services Division was the most successful, maintaining its level of profitability despite a slight decline in sales. “Customs services are the flagship of our company, which maintains our stability. In second place is the transport division, which has seen a huge decline in revenues, especially in the ocean freight segment,” says David Zimandl.
A novelty of this fiscal year was the opening of a branch of PST CLC Mitsui-Soko in Rotterdam, which is currently stabilized and developing. “If we look at the Rotterdam branch from an economic point of view, we are moving from the initial necessary costs to zero and we expect black numbers in the next fiscal year. We cooperate not only with existing clients there, but we also actively develop new business relationships,” says David Zimandl. He emphasizes that the development of the branch’s business activities should also have an impact on the company’s turnover and profit in the next fiscal year.
