Norbert Dentressangle has reported a strong 2010 with every sector of its logistics activities performing well.

The company announced full-year revenues for 2010, which include its entire European network and recently-acquired US freight forwarding operation, grew 4.4 per cent to €2,839 million (£2,442 million) compared to 2009.

Revenue came to €726 million in the final quarter of 2010, continuing the sequential growth observed in the previous quarter. At constant exchange rates and scope of consolidation, Q4 revenue was up 3.4 per cent over Q4 2009.

Transport revenue totalled €1,636 million, up six per cent at constant exchanges rates versus 2009. In the fourth quarter, transport revenue advanced 5.1 per cent over the prior-year period, despite unusually harsh weather conditions in Europe.

Logistics revenue returned to its pre-recession performance level, totalling €1,240 million in 2010. Q4 logistics revenue amounted to €322 million, up 0.4 per cent at constant exchange rates against the prior year.

Norbert’s freight forwarding activity, launched in early 2010, generated revenue of €12 million, including €7 million in the fourth quarter alone. Schneider Logistics' North American and Asian activities, which were consolidated as of 1 November 2010, contributed €6 million to freight forwarding revenue for the year.

Full year 2010 operating profit before goodwill and goodwill impairment (EBITA) is expected to exceed €100 million. Net debt was reduced significantly during the year, enabling Norbert Dentressangle to report a very healthy 2010 balance sheet.

Norbert Dentressangle ceo François Bertreau said: "I am pleased with the performance of our UK operations; Transport has made steady progress over the year and Logistics ended up with a very good performance both in sales development and profitability. We look forward to completing the TDG deal which will considerably reinforce Norbert Dentressangle’s presence in this important market."

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