Major player in transport and logistics the Norbert Dentressangle Group has announced a revenue of €1.6 billion (£1.3bn) over the first six months of the year - the same level the group had achieved over one full year in 2006.
Growth in activity was very consistent in the different parts of the group’s businesses and geographic regions, as well as the new Christian Salvesen consolidation acquired at the end of 2007.
Recurrent operating income rose 46 per cent to €46.3 million, representing 2.9 per cent of revenue. In the historical consolidation scope, the current operating margin came out at 3.9 per cent of revenue at June 30, 2008, compared to 3.6 per cent the same time last year.
François Bertreau, chairman of Norbert Dentressangle’s executive board, said: “The performance for the historic consolidation scope was very good and the plan for integrating Christian Salvesen’s activities was implemented, effectively doubling the group’s size. As a result, I can confirm our growth and profitability targets for 2008 and am confident in the group’s capacity for further development.”
Sales for the transport division grew by 66 per cent to €924m. Against a backdrop of rising sales costs, the transport division was able to control its costs thanks to the solidity of its operations combined with the efficiency of the management information system.
Despite the deterioration of the economic environment, Norbert Dentressangle Group is expected to meet its announced performance targets for 2008. Organic growth should be six to eight per cent like-for-like based on 2007 pro forma revenue and recurrent operating income should improve on 2007 pro forma figures.
No comments yet