Norbert Dentressangle has posted a 25 per cent rise in EBITDA for the first half to 123.7m euros. Sales were up 22 per cent to 1.7bn euros.
In part, the figures reflect the consolidation of TDG’s accounts from 1st April, but chief executive François Bertreau said profitability grew for all activities, “with significant improvement made by businesses in our historical scope of consolidation”.
The TDG consolidation pushed Transport sales up 17.7 per cent on a published basis and up 8.1 per cent like-for-like. The effect on Logistics sales was even more marked – up 21.9 per cent on a published basis and up 4.3 per cent like-for-like.
Freight forwarding revenue has grown steadily since the launch of the activity in January 2010, benefiting from the successive consolidations of Schneider Logistics in November 2010 and TDG in April 2011.
Bertreau said: “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. At the same time, we remain watchful of changes in our customers’ business activity, with the full capacity to adapt to new realities, if required.”