May the 16th, 2023 - A company within the scope of well known and wider Croatian company Djuro Djakovic has contracted a job for GATX Rail Europe worth almost ten million euros.

As Poslovni Dnevnik writes, Djuro Djakovic specijalna vozila (special vehicles), a company which operates within the wider Djuro Djakovic Group, has contracted a job totalling the aforementioned amount for GATX Rail Europe. It regards the production and delivery of freight wagons which the Slavonski Brod-based company will deliver to their client during the second half of this year.

It is worth noting that according to the data from this company's financial report for the first three months of 2023, the wildly successful Djuro Djakovic specijalna vozila branch enjoyed profits totalling 1.2 million euros and consolidated revenues of 23.1 million euros in the first quarter.

"Djuro Djakovic specijalna vozila managed to reach the company's planned level of production, sales and costs and achieved a positive net result overall. The EBITDA margin is 8.4 percent, while the net result was very strongly influenced by financial expenses.

The growth of the EBITDA margin in relation to 2022 was mostly contributed to by high levels of realisation mainly resulting from the delivery of 201 wagons in the first quarter of 2023 and the optimisation of the company's operating costs," the report stated.

As has been pointed out, this well known domestic company generates the majority of its revenues from exports, and this trend is expected to continue throughout this year and into the future as well, on top of that, the continuation of activities being carried out on additional business improvements is also expected.

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August the 25th, 2022 - Croatia's Djuro Djakovic company has contracted a significant 190 million kuna job for a well known company - GATX Rail Europe, despite undergoing a transformation of sorts of its own.

As Poslovni Dnevnik writes, while waiting for the ownership transformation to be completed, Croatia's Djuro Djakovic still successfully manages to contract new jobs. The company has just contracted the construction of new Shimmns freight cars for GATX Rail Europe, the value of which stands at almost 190 million in total.

The production and delivery of wagons is planned for the first half of next year, and the Slavonski Brod-based group has pointed out that with this project, Djuro Djakovic group has confirmed its strategic orientation towards the development and production of wagons for special purpose and performance, with the use of new generation production equipment with which the company is rounding off its development and production processes in the meantime.

According to the Djuro Djakovic group's latest financial report for the first half of this year, the value of the previously contracted production of Shimmns freight wagons amounted to almost 150 million kuna, and the value of the Uacns wagons contracted with a Swiss client stood at approximately 94 million kuna. Their capacities have been filled for this year and the company is already preparing itself for new construction contracted for next year.

In addition to the transport segment, the Djuro Djakovic group has contracted jobs in the defense, energy and industry segments, and the total value of all jobs, before the latest contract, was a very impressive 310 million kuna in total.

From the communication heard from the company undergoing a transformation so far, the production of wagons will be a priority in the further development of this well known industrialist from Slavonski Brod with the new majority owner, the company DD Acquisition, owned by Czech investors Rene Matera and Jaroslav Strnad, who will soon recapitalise the company.

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