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Norbert Dentressangle H1 revenues hit €1.7bn

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Supply chain solutions business Norbert Dentressangle today reported first-half revenues of €1.71 billion (£1.5 billion), a year-on-year increase of 6.6 per cent at constant exchange rates.

The transport and logistics group, which counts Asda, The Co-operative Group and Wilkinson among its retail clients, also saw EBITDA grow 20 per cent to €123.7 million during the same period.

In an interim results statement, Norbert CEO François Bertreau said that the business is benefiting from strong performances across each of its divisions, which now includes freight forwarding services after its recent acquisitions of Schneider and TDG.

“The first half of 2011 was satisfactory for Norbert Dentressangle in many respects,” the CEO explained.

“Firstly, we maintained strong growth momentum both internally and externally with the integration of TDG. Secondly, profitability grew for all our activities, with significant improvement made by businesses in our historical scope of consolidation.

“Lastly, with the acquisition of China-based APC Beijing International, we continue to invest in our new freight forwarding activity, which now has attained significant size in its market.”

Net income at Norbert for the first six months of the year was up from €19.5 million in H1 2010 to €30.5 million, but the logistics specialist is aware that it is operating in difficult economic conditions and its clients needs may change in due course.

Bertreau added: “We remain watchful of changes in our customers’ business activity, with the full capacity to adapt to new realities, if required.”

Published on Wednesday 31 August by Editorial Assistant

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