Norbert Dentressangle reports revenue rise

By Freddie Pierce
Leading logistics and transport services company, Norbert Dentressangle has announced its revenues have increased by two percent to €2,959 million...

Leading logistics and transport services company, Norbert Dentressangle has announced its revenues have increased by two percent to €2,959 million for the first nine months of 2013.

Transport revenues posted a modest 2.0 percent fall to €1,514 million thanks to a slight recovery in the third quarter.

Logistics revenues rose by 7.3 percent to €1,409 million boosted by a strong momentum in its traditional markets, the integration of the Fiege Italian and Spanish businesses and the start-up of operations outside Europe.

Freight forwarding generated revenues of €94 million, however, the recently acquired Daher Group’s freight forwarding businesses in France and Russia will be included from October 1.

The company’s statement confirmed that EBITA 2013 reached comparable levels achieved over the past few years.

Hervé Montjotin, Chairman of the Executive Board, said: “In line with expectations, Norbert Dentressangle is reporting an encouraging increase in its business activities for the first nine months of 2013, primarily driven by a return to growth in the third quarter.

“In particular, our Group is taking advantage of its now significant exposure to economies which are growing at a faster rate than that of France.

“The Transport business returned to growth in the third quarter. The Logistics business reported robust growth which is accelerating thanks to a sound commercial momentum in its European markets, the launch of the businesses with our customer Danone in Saudi Arabia and in Russia, and the consolidation of Fiege’s businesses in Italy and Spain.

“The Freight Forwarding business will benefit from the consolidation of Daher’s French and Russian freight forwarding businesses as from the fourth quarter. Based on this performance, we are confident in our ability to maintain our operating income (EBITA) at a level comparable to that achieved over the past few years.”

In the UK, Norbert Dentressangle’s major manufacturing and industrial customers include Ardagh Glass, Bridgestone, Continental Tyre Group, Daikin, JCB, Kimberly-Clark, Interfloor, Mitsubishi Electric, Outokumpu, Pilkington, Tata Steel, The Highways Agency and Velux.

Share

Featured Articles

Supply chain, procurement logistics & tech news roundup

Biden appoints new supply chain risk cyber chief; Blockchain strengthening supply chain links; Factory fire is top cause of disruption in 2022 - Resilinc

Disruptive supply chain tech for 2023 - FourKites

Delbert Cope, CTO at supply chain visibility platform FourKites, on the tech likely to have the biggest impact for supply professionals in 2023

Blockchain strengthening links in supply chain

Though use of blockchain solutions in supply chain is still relatively low, Tech Mahindra is among pioneers driving its adoption

Earthquake tech inspired Partsch to invent SCM in 1970s

Digital Supply Chain

SaaS bloat 'hitting procurement bottom lines'

Digital Supply Chain

Cold chain logistics 'flying blind' - Tive & FreightWaves

Technology