Supply chain services group Norbert Dentressangle has today reported a healthy start to its financial year, with first-half revenues jumping 21.9 per cent compared to the same period in 2010.
Total consolidated revenues for H1 were €1.71 billion (£1.5 billion), reflecting the recent takeover of fellow logistics firm TDG, but earnings were still up 6.6 per cent on a like-for-like (LFL) basis excluding the impact of the £196 million deal.
Norbert’s transport and logistics operations experienced significant LFL growth during the period, while it was reported that the company’s new freight forwarding arm has started to achieve “significant market size” as a result of the Schneider Logistics takeover at the end of last year.
Since developing a stronger presence in the UK market with the acquisition of logistics specialist Christian Salvesen in 2007, Norbert has been steadily growing its reputation and has signed key deals with Tesco, Marks & Spencer, Morrisons, Asda and B&Q.
In January Norbert was awarded a contract by The Co-operative Group to run transport operations at the grocer’s new distribution centre in Andover, Hampshire, which opened this summer.
CEO of the group François Bertreau said: “Our transport and logistics activities in the UK have maintained a very satisfactory growth and profitability trend during this first half year.
“Since April 1st 2011, former TDG activities are consolidated and the operating integration is on track.”
Today’s statement also indicated that strong LFL operating performance has further improved the business’s operating margin, while, in accordance with the firm’s sale and leaseback strategy for warehouses in use, a number of UK Christian Salvesen assets were sold for £26 million earlier this week.