GEFCO rides strong automotive demand
30 / 05 / 2017
European logistics services provider GEFCO saw its turnover increase by 1.3% year on year in 2016, to €4.2bn.
The good performance of the European car market was one major factor in the company’s positive results. GEFCO signed new agreements with Renault Nissan, VWG Audi. Toyota, BMW and Toyota last year as part of its continuing focus on this sector. An exclusive €8bn supply chain contract with PSA Group (which manufactures the Peugeot, Citroën and DS brands) in March last year also contributed.
In addition, GEFCO’s diversification strategy saw it win new customers in sectors such as high tech and home equipment equipment, and life sciences/healthcare.
Last year also brought expansion and further diversification as GEFCO integrated Dutch forwarder IJS Global (which specialises in the transportation of pharmaceutical, high-tech, and aerospace products) into its network.
Luc Nadal, chairman of the management board of GEFCO Group, added: “In 2017, our aim is to grow our Finished Vehicles Logistics business while continuing to develop the Overland, Warehousing and Reusable Packaging, Freight Forwarding and Fourth Party Logistics expertise by testing new technologies and concluding new partnerships."