Warsaw (Puls Biznesu) – Krzysztof Sedzikowski came back to CTL Logistics and is planning to look for funds on the stock exchange.
Krzysztof Sedzikowski is believed to be one Poland’s best managers. He was the CEO of Grupa Boryszew. Now he will work on the strategy of Poland’s biggest private railway companies. Details will be ready within two months.
“The company is developing very dynamically. We will look for the best possibilities to finance the development. One of the options is of course the listing. It would be done within two-three years”, Krzysztof Sedzikowski said.
He also takes into account other possibilities, including financial investors, or bond issue.
“We want to focus on our core operations, i.e. railway transport and logistics”, Krzysztof Sedzikowski added.
The management would like to increase the quantity of cargo by half and have 30 percent of the international market in 2007.
Adrian Furgalski, a railway analyst from TOR consulting company, the stock exchange is a good solution.
“It’s hard to find any arguments against it. The company is moving forward and is the bravest of all private transport companies to go abroad. It has good financial results and transparent policies. It will need additional sources because it plans investments in its trains”, Adrian Furgalski commented.
In 2005, CTL Logistics had EUR 250m of sales. In the first quarter of 2006, the company increased the transport by 38.8 percent. It has capacity of 40m tons, 138 km of its own railways, 165 locomotives and 2,500 employees.