The 2024 financial statements of ACE Logistics Group have been audited and published by now. While the past year’s results continued to be affected by the ongoing recession in the logistics sector, the companies of ACE Group successfully managed to maintain growth. The consolidated turnover increased by 13% and was 51,3 million euros. The total number of shipments increased by 6%, the net profitability of the group was 3,3% and the return on equity was 20%. The number of employees increased to 189, which is 2 people more compared to last year.
Road transport was proportionally 70% of the turnover, air transport 12%, sea transport 9%, rail transport 8% and warehousing 1%. ACE Estonia made the most of the turnover with a share of 39%, followed by ACE Lithuania with 33%. ACE Latvia accounted with 26% and ACE Ukraine with 2%.
The past year brought a number of changes and additions in the companies of ACE Group. ACE Estonia actively spearheaded ESG developments, by implementing a paper-free shipment delivery system and by obtaining the European Green Office certificate in July last year. During Spring, ACE Latvia completed their relocation to a new logistics centre near Riga Airport. For ACE Lithuania, the month of September was particularly eventful – the month began with the appointment of the new Managing Director Juana Kudarauskiene and ended with the placing of the cornerstone for the new Kaunas logistics centre, which is expected to open later this year. ACE is also successfully continuing activities in Ukraine, having recently celebrated the 5th year of operations.
We are especially glad to report that the customer satisfaction ratings of ACE Group companies continue to show a high recommendation index of more than 80%. ACE’s willingness to cooperate, responsiveness and reputation in the logistics sector received exceptional results. We would like to thank all our customers, whose feedback helps us to grow and improve!
ACE Estonia continues the tradition of supporting the youth and their education. The Logistics Seminar, supported by ACE from the beginning, celebrated their 25th anniversary last year. ACE continued the support of talented young people via Estonian Union for Child Welfare and was the main sponsor of the Peetri Run Children’s Races. Additionally, ACE began a new collaboration to support the development of bullying-free education.
ACE Logistics Group operates in four countries: Estonia, Latvia, Lithuania and Ukraine. We offer air, sea, road and rail transport, as well as warehousing and customs clearance services, based on the need of our customers. The company’s main goal is continuous value creation, with a focus on sustainable growth, profitability and return on equity.
You can find main financial indicators of ACE Logistics Group AS here.
We thank all our employees, customers and partners for their continuous cooperation!
Andres Matkur
ACE Logistics Group AS
