Significantly improved financial results with GEFCO in 2011

French transport and logistics group GEFCO achieved strong growth in 2011 by providing services for third-party customers

The financial year 2011 took a turn to the positive for the GEFCO Group. Compared to 2010 turnover rose 12.9 per cent to EUR 3.782 billion. EBIT grew 12.6 per cent to EUR 223 million, as the parent company PSA Peugeot Citroen announced on 15 February.

GEFCO registered particular strong growth figures in its business with third-party customers. Sales revenues from customers outside the PSA Peugeot Citroen group rose 19.2 per cent from 2010 to 2011. Business activities with group customers showed a plus of 9.2 per cent.

“The efforts to diversify the customers thus yield fruit. The acquisition of 70 per cent of the shares of Mercurio in May 2011 will contribute to accelerate this development. Excluding these acquisitions the organic growth with customers outside the group amounts to 12.7 per cent“, they state in a press release.

GEFCO based in Paris is a globally acting provider of transport and logistics services for the producing industry with 10,363 employees at more than 400 locations. The range of services covers distribution of cars, land transport, sea and air freight, multi-usage packing systems (GefBox) and customs forwarding, including fiscal customs clearance and conception and implementation of integrated logistics solutions.

Quelle: LogEastics
Portal: www.logistik-express.com