Norbert Dentressangle records revenue increase

Norbert Dentressangle records revenue increase

Year to date revenues for 2012 published by Norbert Dentressangle

For the first nine months of 2012, Norbert Dentressangle has reported an increase of 9.9 percent in consolidated revenues, compared to the same period the previous year.

Revenues came in at €2901 million, largely due to acquisitions made in 2011. Like for like revenues were stable given that the growth in the logistics business was offset by a slowdown in transport. Revenues earned outside France now account for 59 percent of the total.

During the same period, a heads of agreement was signed to purchase logistics businesses from Belgian-based, Nova Natie. The sale of the Dagenham site and acquisition of the John Keells Group freight forwarding business in Sri Lanka have also been completed.

François Bertreau, chief executive officer, said: “In a sharply deteriorating economy in the third quarter, especially in France, Norbert Dentressangle held up well buoyed by strong new business wins and tight cost management, and we maintain our plan for growth.”

The company has since appointed Hervé Montjotin as chief executive officer.

Chairman, Norbert Dentressangle said: “We are delighted to appoint Hervé Montjotin as chief executive officer of our Group. Since 1995, Herve has acquired an intimate knowledge of our company and has all the qualities to lead the management of Norbert Dentressangle and enable the Group to succeed in its future growth.

“I also thank François Bertreau who, since 2008, has been the architect of the globalisation of our Group and wish him success in his new challenge.”

An exclusive interview with Norbert Dentressangle will follow in the December issue of Fuel Oil News

Post a comment or leave a trackback: Trackback URL.

Post a Comment

You must be logged in to post a comment.