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Strong UK performance boosts Norbert’s Q1 revenues

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Norbert Dentressangle’s logistics business saw revenues increase to €313 million (£281 million) in the first quarter of 2011, according to a trading statement published today.

Revenues from its logistics business were up 4.4 per cent year-on-year on a like-for-like (LFL) basis, with operations in the UK, Italy and Netherlands reportedly driving growth.

The company’s transport and freight forwarding divisions also generated more revenues than the equivalent three-month period in 2010, helping overall Q1 revenue reach €750 million - a LFL jump of seven per cent on last year.

Norbert Dentressangle’s CEO François Bertreau said: “During this first quarter, all of our UK-based activities in transport, logistics, and freight forwarding have built on the steady growth trends recorded last year.

“This creates a favourable environment for the swift and smooth integration of TDG, which we acquired at the end of March.”

It is now one year since Norbert acquired the freight forwarding arm of fellow supply chain solutions provider Schneider Logistics, and this area of the business generated €10 million in the quarter, and is expected to add significant revenue over time.

Although no exact figures have been revealed, today’s statement indicates that there was “further improvement in profitability” in Q1, which was achieved through the company’s “strong, overall operating performance during the period”.

Retailers currently working with Norbert include high street mainstay Marks & Spencer, the UK’s fifth largest grocer The Co-op and clothing specialist Zara.

Earlier this year the supply chain group was awarded an exclusive contract to run transport operations at Co-op’s new distribution centre in Andover, which opens this summer and is expected to distribute more than 1.3 million cases every week to over 400 Co-op stores in the south of England.

Published on Tuesday 03 May by Editorial Assistant

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