Norbert Dentressangle announces nine month revenue growth of 25%

In the first nine months of 2011, Norbert Dentressangle’s consolidated revenue totalled €2,640m, up 24.9% on a published basis versus the same period last year. Organic growth contributed to the increase, with revenue advancing 6.1% on a like-for-like basis, excluding the impact of TDG, consolidated as of April 1, 2011.

Transport revenue for the nine-month period was up 19.9% including TDG, and up a strong 7.8% on a like-for-like basis. Norbert Dentressangle gained transport market share during the period with growth of some 5%, without passing on the diesel fuel impact.

Logistics revenue grew 25.8% on a published basis thanks to the integration of TDG, which continued to increase its contribution to Norbert Dentressangle’s revenue stream. On a like-for-like basis, logistics revenue rose 4.1% in the first nine months of 2011, with a continued uptrend reported notably in the UK, Norbert Dentressangle’s leading logistics market.

Freight forwarding revenue reached €55m in the first nine months of the year, continuing its strong upward growth trend, despite an unfavourable change in freight rates. The company announced this activity will be strengthened even further by the consolidation of APC Beijing International, scheduled to take place before the end of 2011.

A company statement said: "Operating margin improved further in the third quarter, with a strong performance in Norbert Dentressangle’s like-for-like operations. In today’s uncertain economic climate, Norbert Dentressangle is flexible enough to manage its own resources according to its customer’s activity levels."

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