Croatian Company OV - Carriage Maintenance Exceeds in 2022

By 24 September 2022

September the 24th, 2022 - The Croatian company OV - Carriage maintenance (Odrzavanje vagona) is a regional leader in the field of the repair and upkeep of freight cars, diesel engine trains and locomotives. It secured longterm jobs this year which totalled an impressive 25 million kuna.

As Poslovni Dnevnik writes, the Croatian company OV - Carriage maintenance recently completed the complex process of restructuring and consolidation, in which it stabilised its operations and is now in the process of contracting new, quite large jobs. In the first seven months of 2022, it made a profit of 600,000 kuna, which is a continuation of the planned direction from 2021 when, despite the global coronavirus pandemic, the company increased its revenues and even the salaries of its employees and made a significant profit.

Today, the company operates with 100% contracted capacity and is an example of successful restructuring, which is led by the HZ Cargo Management Board and the aforementioned company's management board.

The Croatian company OV - Carriage maintenance is otherwise 100% owned by HZ Cargo and was initially established as a service department for HZ, but during restructuring processes which took place in 2019, 2020 and 2021, in addition to already providing constant services to HZ Cargo, HZ Passenger Transport and HZ Infrastructure, it turned to external customers, both foreign and domestic.

As such, new jobs were contracted with multiple companies, including Koncar. In the period which followed, and after a complex and successful restructuring process, the equipment was modernised and the overall quality of service improved, and they are currently in the process of obtaining the VPI certificate at the Slavonski Brod facility, which guarantees that the maintenance and revisions of wagons and carriages are carried out according to rather stringent European Union standards.

Today, the Croatian company OV - Carriage maintenance has a total of three plants - in Slavonski Brod, Cakovec and Bjelovar, and five workshops - in Moravice, Rijeka, Koprivnica, Zagreb and Solin. It currently employs 450 workers, whose salaries were raised back in 2021 and additional benefits for work in the field were provided. In 2022, large long-term deals worth more than 25 million kuna were contracted with several external customers.

Commenting on the company's positive financial indicators, director Boris Gobac pointed out that, in addition to business progress, in cooperation with social partners, they are also focused on social policy and increasing employee income.

''The situation within this company is proof that successful restructuring and consolidation of business is very much possible. Despite all the global challenges we've faced and continue to face, such as rising energy costs, inflation and the coronavirus pandemic, the company is continuing to operate successfully, and in the future we expect an increase in the capacity for freight wagon repairs for foreign operators,'' concluded Boris Gobac.

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