Girteka achieved a net profit of EUR 172.8 million last year, marking a 20% increase compared to 2022. The group’s consolidated revenues decreased by 10%, amounting to EUR 1.733 billion.
Revenue from Girteka’s transport services fell by 12% last year to EUR 1.465 billion, while revenues from the sale of trucks increased by 1%, reaching EUR 206.9 million.
Girteka’s financial results: 2021-2023
| Year | Revenue, million euros | Change, % | Net profit, million euros | Change, % |
| 2021 | 1,437 | – | 67,03 | – |
| 2022 | 1,931 | 34% | 143,4 | 114% |
| 2023 | 1,733 | -10% | 172,8 | 20% |
Source: data from Lithuania’s State Enterprise Registry Centre
Girteka Transport, a company within the Girteka Group, sold the Polish company Trepoltrans, as well as shares in Everwest, LT Logic, and LV Logic, to the logistics company Everwest Group last year. These transactions brought Girteka EUR 1.584 million. Although both entities, Girteka Group and Everwest Group, share a common shareholder, they operate as independent companies.
In 2024, Girteka and its subsidiaries plan to continue developing their core business and investing in the expansion of their transport fleet.
Girteka Group directly controls 100% of the shares in several companies, including Trucks Merchant (established in January last year and dealing in the sale of trucks), Girteka Cargo, TNDM Trucking, ME Trailers, Girteka Competence Center, Girteka Europe West, Girteka Nordic, Girteka Transport, and the Norwegian company Thermomax Trondheim.
In 2023, Girteka paid out EUR 66 million in dividends. In 2022, this amount was EUR 570,000.
It is important to note that 100% of Girteka’s shares belong to Willgrow. The final beneficiary of the Lithuanian carrier is Mindaugas Raila, who owns 90% of the company’s shares.