ACS appears ready for the ‘big step’

Of Foti Foteinou

ACS appears ready for the “big step”. The courier company is estimated that within the month it will proceed with the commercial operation of the new sorting center in Egaleo, in building facilities of 36,000 sq.m.

With this investment, which exceeded 40 million euros, ACS will more than triple its current parcel sorting capacity to 50,000 shipments / hour, which will allow it to manage significantly larger shipment volumes, in a much shorter period of time compared to today.

With the above investment, the company aspires to significantly enhance its competitiveness and eliminate any delays in product / parcel deliveries.

It is noted that the companies in the courier industry received significant criticism, mainly in 2020, for delays in deliveries, due to the “unexpected volume of orders / shipments”.

In the new facilities of the company in Egaleo, in addition to the new sorting center, office and storage spaces are being developed, with 90 points for loading and unloading goods and parking for 240 cars.

ACS’s 24% market share in the courier market

According to the parent company, the Quest group, ACS is estimated to have a 24% market share in the domestic courier market, occupying the 1st position.

In 2021, ACS recorded an improvement in sales (+ 7.3%) to 135.1 million, which was accompanied by an increase in net profitability (+ 39.5%), to 16.1 million.

ACS profitability was higher than in the previous year, due to the extraordinary results of the reversal of previous forecasts, which boosted pre-tax profits by about 3 million.

Overall, ACS bases its revenue growth, mainly on courier services, which accounted for 92.1% of revenue last year.

The market of courier services, due to the development of e-commerce (e-commerce) is moving positively, but not at the pace of the previous two years, due to the reopening of physical stores.