EconomyFinancialThe increase in fuel prices impacts Traxión's profits

The increase in fuel prices impacts Traxión's profits

The increase in fuel prices impacted the profits, or net income, of the logistics company Traxión, which amounted to 137 million pesos, 43.6% less compared to the same period in 2021.

The operating flow (or Ebitda) registered an increase of just 1.1% in the second quarter compared to the same period last year.

Although a growing need to transport goods and personnel increased the company’s revenues by 17.1%, to 4,944 million pesos, the company explained in its financial report sent to the Mexican Stock Exchange, that its operating costs rose due to “inputs over which we have no control.”

“Our business was affected by the availability and international prices of oil, which have shown volatility,” he added.

The company detailed a total cost for fuel of 1,017 million pesos which, compared to the 619 million pesos allocated to this item in the second quarter of last year, result in an increase of 64.3%.

“Some of our contracts with clients provide for automatic price increases or other forms of protection against the cost of fuel, insurance and/or maintenance,” he asserted.

people transport

In the second quarter, revenues from its people mobility segment totaled 1,822 million pesos, 16.9% more than in the same period of 2021.

Traxión explained that after observing strong levels of demand, it took actions to increase both its average fleet and revenue per kilometer.

The Ebitda of this business unit totaled 429 million pesos in the second quarter, which meant an advance of 1.2% compared to the same period of the previous year; however, the increase in fuel costs permeated an 18.9% drop in its operating profit.

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