Globaltruck Globaltrak Management, GTE

Globaltruck is an automobile freight FTL carrier of the Urals and Siberia, one of the largest carriers in Russia in terms of fleet size.

The main activities of the Group are domestic and international trunk freight FTL transportation. Globaltruck carries out transportation to/from the Central Region of Russia to the Urals, Siberia, the Far East and countries. European Union

The group operates six certified maintenance and repair centers located on key routes - in Magnitogorsk, Yekaterinburg, Noginsk, Novosibirsk, Perm and Omsk.

Globaltruck's customers include about 1,000 companies. Key customers of the Group operate in the retail sectors (Metro, Obi, IKEA, Leroy Merlin, OKEI, Detsky Mir, Lenta), FMCG (Makfa, Unilever, Protek, Katren, Procter & Gamble and Ferrero), industry (, MMKSibur"," UMMC), online trading and delivery of parcels (e-commerce), GTPEC and Parcel.

Performance indicators

2023: Stock price up 85% for the day

By 16:00 Moscow time on July 27, 2023, the value of Globaltruck shares on the Moscow Exchange reached 152 rubles, which is 85% more than the day before. The reasons for the rise in quotations are not named, but it is known that a month before this rise, the company launched unmanned cargo transportation on the Moscow-Petersburg route.

Due to the rise in price of shares by more than 20%, the Moscow Exchange held a discrete auction for them in the "T + Trading Mode." After its completion, Globaltruck's securities quotations continued to grow.

Unmanned truck that uses Globaltruck to transport goods on the Moscow-Petersburg route

The chief investment consultant of Veles Capital Investment Company Dmitry Sergeyev, in a conversation with RIA Novosti, suggested that investors could confuse the securities of Globaltrans and Globaltruck (Globaltrak), provoking a rapid increase in the value of the latter.

Shares of GTE (Globaltruck Managenemt) have low liquidity, and any rumors can lead to sharp changes in prices. It can be assumed that the Monopoly Investment group plans to increase its price offer to buy back shares from Globaltruck shareholders. Another reason may be that some investors simply confused Globaltruck securities with Globaltrans securities, according to which there was news yesterday about the redomication from Cyprus, Sergeyev said.

Globaltruck is one of the largest road freight carriers in Russia, carries out transportation, including abroad, and also expedites cargo. The company's own assets amount to more than 1,200 tractors in operation (by the end of July 2023).

At the end of June 2023, Globaltruck began transporting cargo on unmanned trunk truck tractors SberAvtoTech along the highway. M-11 "Neva"

We are also looking at self-driving in a more global perspective. The data that can be obtained from electronics and smart car systems will be useful for the development of digital logistics platforms, optimizing the interaction of cargo owners and carriers, developing infrastructure and improving customer experience in general, "said Ilya Dmitriyev, Chairman of the Board of Directors of Globaltrak Management.[1]

2022: Revenue growth by 24% to RUB 15.4 billion

Globaltruck ended 2022 with revenue of 15.4 billion, rubles which is 24% more than a year earlier, when the figure was measured at 12.43 billion rubles. Net profit of one of the largest Russia in road freight carriers decreased from 191.1 million to 100.8 million rubles. Such data were IFRS released in mid-April 2023.

Profit before tax also showed a decrease and turned out to be at the level of 131.9 million rubles, compared with 210.133 million rubles in 2021. Globaltruck attributes the drop in profits to rising funding costs at the end of the first quarter, which "entailed increased debt service interest expense." The cost of sales in 2022 increased from 10.8 billion rubles to 13.3 billion rubles.

Globaltruck revenue up 24% in 2022

The total debt of PJSC Globaltrak Management by the end of 2022 changed slightly - decreased from 5.8 billion rubles at the end of 2021 to 5.6 billion rubles. In particular, long-term liabilities decreased from 2.6 billion to 2.5 billion rubles, short-term liabilities remained at about 3.2 billion rubles.

As of the end of 2022, Globaltruck is one of the five largest freight carriers in terms of revenue and the number of transport units in Russia. By that time, the company had 1.3 thousand tractors and 1.5 thousand semi-trailers, a digital GT-2 platform connecting cargo carriers and cargo owners. The carrier served about 1,000 customers, including the largest players in the retail, FMCG, e-commerce and parcel delivery segments, as well as Russian industrial holdings. Controlled by the founder of Globaltruck Alexander Yeliseyev Cyprus GT Globaltruck Ltd owns 61% of the group's capital, RDIF and co-investors - 19.4%, the remaining shareholders - 19.6% (by the end of 2022).^[2]

History

2023

Appointment of Denis Mikhalin as CEO

On May 23, 2023, one of the largest cargo carriers in the Russian Federation, Globaltruck, announced the change of CEO. He appointed Denis Mikhalin instead of Ilya Sattarov, who will continue his career outside the group on his own initiative. Read more here.

Monopoly group buys 75% of Globaltruck for billions of rubles

On April 7, 2023, the Monopoly group of companies announced the buyout of one of the largest Russian road carriers Globaltruck, which are in free circulation, in order to obtain a controlling stake. The transaction will cost several billion rubles.

Monopoly will buy at least 43.85 million ordinary shares of GTE PJSC, which corresponds to 75% of the company's authorized capital. After the closing of the transaction, Monopoly Group plans to delist shares of GTE PJSC from the Moscow Exchange. At the same time, the shareholders of Monopoly Group intend to maintain the number of Globaltruck personnel with the gradual integration of this company into the group.

Monopoly Group of Companies announced the purchase of one of the largest Russian road carriers Globaltruck

The acquisition price is fixed and uniform for all groups of selling shareholders, including the majority shareholder, and amounts to 82.5 rubles per ordinary share of PJSC GTE. It is noted that this price is based on the company's estimate of 4.82 billion rubles and assumes a premium of 8.8% to the closing price of trading on the Moscow Exchange on April 6, 2023 (75.8 rubles per paper), a premium of 37% to the weighted average price for six months (60.2 rubles per paper).

I have always believed and stated that consolidation in the trucking market is inevitable. The planned deal is a vivid confirmation of this thesis, - said the chairman of the board of directors of Globaltruck Alexander Yeliseyev, whose words are quoted by the press service of the company.

By April 2023, the Globaltruck car fleet has 1,240 trucks, the average cost of each is over 10 million rubles. Monopoly Group belongs to the Cypriot Glazifer Ltd, which is controlled by the founders of the group Ilya Dmitriyev and CEO Ekaterina Mikhailova, as well as Acmero Capital Simana Povarenkina  and Baring Vostok.^[3]

2020: Creation of GlobalTruck Information Technologies IT Company

On June 2, 2020, Globaltruck announced the creation of a subsidiary software developer - GlobalTruck Information Technologies. Read more here.

2017

In November 2017, Globaltruck conducted an initial public offering (IPO) on the Moscow Exchange. Based on the results of the placement, Globaltruck shares were included in the second level of the listing and presented in the Growth Sector of the Moscow Exchange under the ticker symbol GTRK.

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