Industry Report Land transport and transport via pipelines 2017 BULGARIA seenews.com/reports This industry report is part of your subcription access to SeeNews | seenews.com/subscription CONTENTS I. KEY INDICATORS II. INTRODUCTION III. REVENUES IV. EXPENSES V. PROFITABILITY VI. EMPLOYMENT 1 SeeNews Industry Report NUMBER OF COMPANIES IN LAND TRANSPORT AND TRANSPORT I. KEY INDICATORS VIA PIPELINES INDUSTRY BY SECTORS SECTOR 2017 2016 2015 The Land transport and transport via pipelines industry in FREIGHT TRANSPORT BY ROAD 13,335 12,932 11,952 Bulgaria was represented by 19,655 companies at the end TAXI OPERATION 4,057 4,066 3,739 of 2017, compared to 19,339 in the previous year and OTHER PASSENGER LAND TRANSPORT N.E.C. 1,454 1,519 1,513 18,013 in 2015. URBAN AND SUBURBAN PASSENGER LAND 528 559 565 TRANSPORT The industry's net profit amounted to BGN 498,708,000 in REMOVAL SERVICES 260 235 225 2017. FREIGHT RAIL TRANSPORT 14 15 13 PASSENGER RAIL TRANSPORT, INTERURBAN 6 11 4 The industry's total revenue was BGN 10,016,955,000 in TRANSPORT VIA PIPELINE 1 2 2 2017, up by 7.78% compared to the previous year. The combined costs of the companies in the Land transport and transport via pipelines industry reached BGN 9,452,084,000 in 2017, up by 8.95% year-on-year. III. REVENUES The industry's total revenue makes up 10.44% to the The total revenue in the industry was BGN 10,016,955,000 in country's Gross domestic product (GDP) in 2017, compared 2017, BGN 9,293,664,000 in 2016 and 8,968,883,000 in 2015. to 10.02% for 2016 and 10.04% in 2015. Total revenue A total of 95,595 people were employed in the Land transport and transport via pipelines industry in 2017, Net sales revenue compared to 101,670 in 2016 and 101,090 in 2015. 11,000,000,000 10,016,955,000 10,000,000,000 Most of the companies in the industry are based in Sofia, 9,293,664,000 8,968,883,000 followed by Petrich and Blagoevgrad. 9,000,000,000 9,135,710,000 8,000,000,000 8,448,819,000 8,162,200,000 II. INTRODUCTION 7,000,000,000 6,000,000,000 In 2017 the companies in the Land transport and transport via pipelines industry numbered 19,655, distributed in 8 sectors. BGN 5,000,000,000 4,000,000,000 3,000,000,000 INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES 4,057 2,000,000,000 1,000,000,000 0 1,454 2015 2016 2017 528 The companies in the Land transport and transport via 260 pipelines market of Bulgaria earned combined net sales 21 revenues of BGN 9,135,710,000 in 2017. In annual terms, sales marked a rise of 8.13% compared to 2016. In comparison to 2015 they increased by 11.93%. In 2016 sales grew by 3.51% year-on-year. The Land transport and transport via pipelines industry total 13,335 revenue make up 10.44% to the country's GDP in 2017, compared to 10.02% for 2016 and 10.04% in 2015. Freight transport by road Taxi operation Other passenger land transport n.e.c. Urban and suburban passenger land transport Removal services Others In 2016 there were a total of 19,339 companies operating in the industry. In 2015 their number totalled 18,013. 2 SeeNews Industry Report Share in GDP 7 TAXI OPERATION 64,300,000 11 10.44% 8 REMOVAL SERVICES 38,210,000 10.04% 10.02% 10 9 8 INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS 7 3.85% 6 4.48% 5 4.61% 4 1.83% 3 2.23% 2 1 0 83.01% 2015 2016 2017 In 2017 the Land transport and transport via pipelines industry contributed to GDP BGN 8,559,996,000 in Gross value added (GVA) accounting for 5.03% of the total for the country's Freight transport by road economy. Other passenger land transport n.e.c. Urban and suburban passenger land transport In the previous year, the industry's GVA amounted BGN Transport via pipeline 7,876,823,000, accounting for 5.16% of the total for the country in 2016. In 2015 the GVA of the Land transport and Freight rail transport transport via pipelines was BGN 7,625,820,000, or 4.93% of Others the GVA for the country's economy. The highest growth, of 11.49%, was recorded by Freight rail GVA BY SECTORS transport, while Passenger rail transport, interurban registered RANK SECTOR BGN SHARE OF THE the sharpest decline, of 5.26%. COUNTRY'S GVA (%) 1 FREIGHT TRANSPORT BY ROAD 6,693,195,000 3.93 TOP COMPANIES' REVENUE BY SECTORS SEGMENT COMPANY TOTAL REVENUE NET SALES 2 URBAN AND SUBURBAN PASSENGER 535,663,000 0.32 (BGN) REVENUE (BGN) LAND TRANSPORT URBAN AND SUBURBAN PASSENGER LAND TRANSPORT 3 OTHER PASSENGER LAND TRANSPORT 417,656,000 0.25 N.E.C. METROPOLITEN EAD 94,217,000 67,141,000 4 TRANSPORT VIA PIPELINE 338,403,000 0.20 STOLICHEN AVTOTRANSPORT EAD 87,286,000 36,116,000 5 PASSENGER RAIL TRANSPORT, 261,846,000 0.15 STOLICHEN ELEKTROTRANSPORT EAD 71,364,000 45,911,000 INTERURBAN TAXI OPERATION 6 FREIGHT RAIL TRANSPORT 212,342,000 0.13 YELLOW 333 AD 8,883,000 2,642,000 7 TAXI OPERATION 66,403,000 0.04 OK SUPERTRANS AD 6,572,000 4,541,000 8 REMOVAL SERVICES 34,488,000 0.02 TRIUMF TAXI OOD 1,826,000 1,776,000 FREIGHT RAIL TRANSPORT BDZ CARGO EOOD 109,694,000 97,332,000 We expect, based on the trend in the last three years, the total BULGARIAN RAILWAY COMPANY EAD 48,027,000 47,675,000 revenue of the Land transport and transport via pipelines BULMARKET RAIL CARGO EOOD 25,462,000 24,696,000 industry to change at a compound annual growth rate (CAGR) FREIGHT TRANSPORT BY ROAD of 5.68% in 2018. PIMK OOD 248,075,000 222,308,000 PETKO ANGELOV BG EOOD 121,574,000 106,110,000 NET SALES REVENUE BY SECTORS DISCORDIA AD 91,447,000 88,327,000 RANK SECTOR NET SALES REVENUE (BGN) REMOVAL SERVICES 1 FREIGHT TRANSPORT BY ROAD 7,583,228,000 MEYTRIKS RILOKEYSHANS EOOD 2,463,000 2,437,000 2 OTHER PASSENGER LAND TRANSPORT N.E.C. 421,119,000 LEO - 99 OOD 2,362,000 2,359,000 3 URBAN AND SUBURBAN PASSENGER LAND 409,141,000 VOLKAN TRANSPORT EOOD 2,337,000 2,337,000 TRANSPORT OTHER PASSENGER LAND TRANSPORT N.E.C. 4 TRANSPORT VIA PIPELINE 351,547,000 KARAT S AD 29,579,000 28,484,000 5 FREIGHT RAIL TRANSPORT 203,509,000 HEBROS BUS PLS AD 22,360,000 17,496,000 6 PASSENGER RAIL TRANSPORT, INTERURBAN 64,656,000 FLORENTIA BUS - SOFIA EOOD 10,245,000 9,881,000 PASSENGER RAIL TRANSPORT, INTERURBAN 3 SeeNews Industry Report BDZ PASSENGERS EOOD 271,677,000 64,656,000 OPTIMA TURS BG KLON BULGARIA 1,369,000 0 TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD URBAN AND TRANSPORT VIA PIPELINE SUBURBAN PASSENGER LAND TRANSPORT WERE: BULGARTRANSGAZ EAD 370,615,000 351,547,000 COMPANY BGN METROPOLITEN EAD 94,217,000 STOLICHEN AVTOTRANSPORT EAD 87,286,000 The top 10 companies in terms of total revenue in Land STOLICHEN ELEKTROTRANSPORT EAD 71,364,000 transport and transport via pipelines accounted for 15.27% of UNION IVKONI OOD 43,094,000 the industry's total in 2017, 16.03% in 2016 and 17.35% in GRADSKI TRANSPORT EAD 31,983,000 2015. BURGASBUS EOOD 23,508,000 BUS TRANSPORT PLOVDIV EOOD 12,709,000 TOP 10 COMPANIES BY TOTAL AND NET SALES REVENUE IN THE TROLEIBUSNI I AVTOBUSNI PREVOZI EOOD 11,470,000 INDUSTRY TROLEIBUSEN TRANSPORT EOOD 7,640,000 RANK COMPANY TOTAL REVENUE NET SALE MTK GROUP OOD 7,272,000 (BGN) REVENUE (BGN) 1 BULGARTRANSGAZ EAD 370,615,000 351,547,000 2 BDZ PASSENGERS EOOD 271,677,000 64,656,000 3 PIMK OOD 248,075,000 222,308,000 The 10 largest companies in terms of total revenue in sector Urban and suburban passenger land transport earned total 4 PETKO ANGELOV BG EOOD 121,574,000 106,110,000 revenue of BGN 390,543,000 and accounted for 3.90% of the 5 BDZ CARGO EOOD 109,694,000 97,332,000 industry's total revenue. 6 METROPOLITEN EAD 94,217,000 67,141,000 7 DISCORDIA AD 91,447,000 88,327,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR TAXI 8 STOLICHEN AVTOTRANSPORT EAD 87,286,000 36,116,000 OPERATION WERE: 9 STOLICHEN ELEKTROTRANSPORT EAD 71,364,000 45,911,000 COMPANY BGN 10 AIT INTERNATIONAL TRANSPORT EOOD 63,488,000 60,065,000 YELLOW 333 AD 8,883,000 OK SUPERTRANS AD 6,572,000 TRIUMF TAXI OOD 1,826,000 The total revenues of the top 10 companies in the Land GREEN TAXI OOD 911,000 transport and transport via pipelines were 1.59% of GDP in TAXI - S - EKSPRES INS AD 874,000 2017, compared to 1.61% for 2016 and 1.74% in 2015. SUN INVEST-80 OOD 720,000 STAYGAR OOD 602,000 The top 10 by assets in the Land transport and transport via ZA EDNO EVRO OOD 600,000 pipelines sector made up BGN 1,017,264,000, or 11.14% of the TAKSI 1 OOD 598,000 total net sales revenue.