Norbert Dentressangle’s €1,078m revenue hike
20 / 03 / 2015
NORBERT DENTRESSANGLE’s consolidated revenues rose by 13.6 per cent to €1,078m in the first quarter of 2014.
The forwarding giant also enjoyed a 5.5 per cent increase in its transport business revenues to €527m and a 19.8 per cent hike to €522m from its logistics activities “reflecting a more positive trend in the European business environment”.
“We seized the opportunity to consolidate our position in the UK bulk tanker transport market via the acquisition of Hopkinson, which generates annual revenues of £4m,” reveals a company statement.
Following the acquisition of Daher, Norbert’s forwarding air and sea operations generated €48m – an increase of 47.6 per cent in comparison with the same period last year.
“Our ongoing policy of improving profitability on customer contracts in China, affected organic growth, although the prospect of revenues of over €200m for the full year was confirmed,” it adds.
Hervé Montjotin, chairman of the executive board, comments: “The growth recorded illustrates robust momentum across all our business areas, primarily driven by sustained sales growth and a few targeted acquisitions.
“This growth is in line with the company’s development model, which is based on both boosting its commercial positions and increasing its market share. The performance in the first quarter enables us to be confident about the outlook for the year in terms of business volumes.”
