The UK is becoming an increasingly important market for supply chain and logistics business Norbert Dentressangle, the company’s CEO François Bertreau said today.
A trading statement published this morning revealed that the firm’s consolidated revenue totalled €2.64 billion (£2.32 billion) for the first nine months of 2011, an increase of 6.1 per cent on a like-for-like (LFL) basis from 2010.
Figures exclude the impact of the takeover of fellow distribution & logistics specialist TDG, which was consolidated on April 1st 2011, but even without the impact of this new operation the UK market has grown to become Norbert’s second largest market behind France.
Bertreau said: “With about 30 per cent of the group’s consolidated turnover, the UK market is now the second largest for Norbert Dentressangle.
“Operations there went well during the last nine months and the sales pipeline remains strong.”
Transport revenue for the nine-month period was up 7.8 per cent on a LFL basis, increasing to 19.9 per cent once the TDG business is included.
Logistics LFL revenue rose 4.1 per cent year-on-year, with a continued uptrend reported, notably in the company’s leading logistics market, the UK, where it works with retailers such as The Co-operative Group and Asda.
Norbert’s newest business arm, freight forwarding, saw revenue reach €55 million in the first nine months of the year and is on track to generate €100 million in annual revenue.