Saturday 22nd Oct 2016 - Logistics Manager

Gefco operating income down for 2012

Gefco reported an operating income of €109 million for 2012 – less than half of its 2011 figure of €223m.
The group’s turnover, was €3.6 billion for the year ending 2012, slightly down on its 2011 figure of €3.8bn.
Gefco reckons that despite the uncertain economy, it maintained a satisfactory level of profitability through greater optimisation of its projects.
It made progress in its international growth strategy, with development structured around its five core activities: Overland, Overseas, Warehousing and Reusable Packaging, Finished Vehicles Logistics, and Customs & Tax Representation.
It said that revenue from major international customers grew to €1.5bn, or 42 per cent of total turnover compared with 38 per cent in 2011.
International expansion focused on priority markets such as Central Asia, Central and Eastern Europe, and the Middle East, where the group’s overall growth reached 17 per cent in 2012.
Gefco Russia grew by nearly 11 per cent in 2012. With the results of the joint venture Algaï included, Gefco chalked up 22 per cent growth in Russia in 2012. It also set up  subsidiaries in Dubai and South Africa.
Over the next five years, Gefco aims to become a leader in logistics for industry in the world’s fastest-growing markets, and it reckons that the backing of Russian Railways since 20 December 2012 offers the group solid prospects.