Aquila sees 19% revenue growth in Q1 2025
Romanian FMCG distributor Aquila has announced a 19% increase in revenues for Q1 2025, reaching nearly RON 740 million (€144 million).
Romanian FMCG distributor Aquila has announced a 19% increase in revenues for Q1 2025, reaching nearly RON 740 million (€144 million).
The transaction represents a strategic step in AQUILA's regional expansion and was finalized following the fulfillment of all suspensive conditions stipulated in the contract.
The transaction price is a maximum of €14 million and is calculated based on a mechanism agreed upon by the parties, considering working capital adjustments and net debt.
Aquila has budgeted investments of €16.9 million for means of transport and warehouse equipment, in line with its sustainability objectives.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.