Djuro Djakovic Contracts 9.5 Million EUR Job for GATX Rail Europe – tues

Lauren Simmonds

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May the 16th, 2023 – A company within the scope of well known and wider Croatian company Djuro Djakovic has contracted a job for GATX Rail Europe worth almost ten million euros.

As Poslovni Dnevnik writes, Djuro Djakovic specijalna vozila (special vehicles), a company which operates within the wider Djuro Djakovic Group, has contracted a job totalling the aforementioned amount for GATX Rail Europe. It regards the production and delivery of freight wagons which the Slavonski Brod-based company will deliver to their client during the second half of this year.

It is worth noting that according to the data from this company’s financial report for the first three months of 2023, the wildly successful Djuro Djakovic specijalna vozila branch enjoyed profits totalling 1.2 million euros and consolidated revenues of 23.1 million euros in the first quarter.

“Djuro Djakovic specijalna vozila managed to reach the company’s planned level of production, sales and costs and achieved a positive net result overall. The EBITDA margin is 8.4 percent, while the net result was very strongly influenced by financial expenses.

The growth of the EBITDA margin in relation to 2022 was mostly contributed to by high levels of realisation mainly resulting from the delivery of 201 wagons in the first quarter of 2023 and the optimisation of the company’s operating costs,” the report stated.

As has been pointed out, this well known domestic company generates the majority of its revenues from exports, and this trend is expected to continue throughout this year and into the future as well, on top of that, the continuation of activities being carried out on additional business improvements is also expected.

For more on Croatian companies, innovation and entrepreneurs, make sure to check out our dedicated business section.


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