Norbert Dentressangle’s €1,078m revenue hike

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.”
Share this story

Related Topics

Latest business news

General air cargo demand takes off thanks to e-com and ocean disruption

General cargo has been growing at a faster rate than special products so far this year as a result of…

Read More

Share this story

CargoLogicAir administration continues to face difficulty accessing records

The administrator for defunct UK freighter operator CargoLogicAir has highlighted the ongoing issues it has faced in accessing the airline’s…

Read More

Share this story

Etihad Cargo adds Madrid to freighter network

Etihad Cargo will launch a twice-weekly Boeing 777 freighter service between Abu Dhabi and Madrid next month to enhance its…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.