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Poland: PCC Rail to restructure as results slide in 07

April 2008.


Poland\'s second-largest private rail freight operator PCC Rail, which has also started operating passenger services, is going to undergo major changes to the structure of its group.


 Currently, it is structured in the form of holding company, which includes 12 companies. However, it has decided to change the structure of its organisation, following the takeover of freight operator, PTKiGK . A contract has been awarded by PCC Rail to Roland Berger Strategy Consultants for the preparation of the plan for the new structure of the group. This is due to be completed in October - November 2008. Meanwhile, the company has announced its results after auditing. Revenue was PLN 371m (EUR 106.92m), and profit was PLN 16m, which represents a slight drop as compared with 2006. This was due the drop in margins and prices for rail freight transport in
Poland.

 



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