Cargus targets 40% market share

Cargus, the main player on the domestic courier service market has boosted its market share after the first six months from the 23.5% it held at the end of last year to 35%. It also posted a 50% increase in revenue for the first six months, say company representatives. The 11.5% rise in the market share in the first half of this year was stimulated by the launch of new services, the setting up of new collection centres, as well as by promotional campaigns for newly launched services, that are set to continue for a while. In 2005, Cargus had a turnover worth 15.3 million euros, an 80% increase against the previous year. The market of domestic courier services amounted to some 65 million euros in 2005, according to data made available by the company. Cargus will continue to invest in boosting its turnover, with the aim of reaching a 37-40% market share, given that for this year, it is expecting to see the domestic courier market increase by up to 20%.