Tuesday 25th Oct 2016 - Logistics Manager

Norbert posts 72pc increase in sales

Norbert Dentressangle has posted a 72 per cent increase in annual sales owing to the full year consolidation of the Christian Salvesen business, with like-for-like growth up 4.3 per cent.

The logistics division saw seven per cent organic growth, hitting its target; however the transport division saw a sharp slowdown in the last two months of the year, particularly in the UK.

As a result the company has estimated recurring operating income will be around 75 million Euros.

The portion of sales generated out of France now accounts for 44 per cent, compared to 22 per cent in 2007.

Francois Bertreau, chairman of the executive board, said: “In this period of reduced visibility, more than ever, clients are seeking out reliable, efficient service providers with which they can build a strong, lasting relationship, and our group offers a solid foundation in the transport and logistics sectors. This enabled us to sign major new transport and logistics contracts at the end of the year.”