Girteka's major investments

The Timocom freight exchange barometer indicates that the number of freight offers exceeds the number of available trucks. However, for example, there is a persistent oversupply of trucks from Germany to all countries, although according to Timocom, the number of freight offers in July 2025 was 40% higher than a year earlier. The situation is similar in the Netherlands, where there are 21% more freight offers, but an oversupply of trucks persists.

Last year in losses

Last year was a very difficult year for the road transport industry, and Girteka also felt the impact. In 2024, the company incurred a net loss of €29 million on revenues of €1,438 million , a 17% decrease compared to 2023. Turnover in 2023 was 10% lower than in 2022. However, both previous years ended with a profit: €173 million in 2023 and €143 million in 2022.

The company reduced its fleet to 6,000 trucks and 7,000 trailers in 2024, down from 8,000 trucks and 9,000 trailers in 2023, and planned to expand its fleet to 10,000 tractor-trailers. Employment decreased to 12,500 people, and at the end of 2023, it stood at 18,700.

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The Girteka Group directly manages nine companies in Lithuania and Norway, including Girteka Logistics, Girteka Cargo and Thermomax Trondheim.

OP Corporate Bank holds a 21% market share in the heavy transport leasing market and is one of the largest corporate finance providers in Lithuania. Its total business loan and leasing portfolio is €1.6 billion. The bank works with large and medium-sized companies.