Speedy

Speedy (0SP BU) to invest BGN 12m in 2016 and open 60+ automatic post stations in Bulgaria by year end, the company’s founder and CEO Valeri Mektouptchiyan said at the annual general meeting (AGM) held on June 14th 2016.

Speedy launched its first automatic post stations in Sofia a couple of days ago with up to 25 to go live shortly in four cities in Bulgaria. All stations are to be positioned in places with lots of people – shopping malls, department stores, retail chains. By the end of the year the company expects to have 60+ stations in Bulgaria and is currently in negotiations with a couple of retail chains to position them. The stations are means to expand Speedy’s position on the B2C and C2C segment with no immediate details on their expected efficiency.

Investments in network expansion

Speedy is to invest a total of BGN 12m in its network in 2016.

Apart from the automatic stations, the company is to restructure its logistics network in Romania by year end to better service the 20%+ growing market. The company, currently, operates from a single hub in Bucharest but plans to expand the network and increase the operational hubs in the country.

On a final notе, Mektouptchiyan added that the Greek market has shown revival signs with volumes increasing substantially. Accordingly, Speedy will start offering certain DPD services in Greece, thus further building on its regional outreach.

Dividends

Speedy shareholders approved BGN 1,13 DPS dividend to be distributed from earnings 2015. BGN 12,03 m. was the profit reported for 2015, out of which BGN 6,02 m. will be paid to shareholders as dividend. The remaining amount of the profit will remain not distributed and will be booked accordingly.

All AGM documents

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