Dentressangle Group increases profits
Cost-cutting and operational efficiency see logistics operator through economic downturn
Norbert Dentressangle achieved an 11% increase in operating profit of €87.9 million (US$120 million) in 2009, despite a tough first half and a drop in turnover.
Group revenue totalled €2.71 billion, down 12.5% on 2008, while ebita totalled €80.4 million.
The logistics arm demonstrated its operating efficiency by increasing operating profits by 14% to €48.7 million, mainly through warehouse optimisation, reductions in temporary staff, open-book contracts in the UK and by tightly managing resources.
CEO François Bertreau described 2009 as a strong year and added: “Thanks to cost-cutting measures, we were able to report satisfactory results in a difficult period.
“For 2010, in the absence of real economic recovery, we remain watchful so as to maintain our competitive footing, while continuing to launch fruitful initiatives for growth, such as our recently introduced freight forwarding activity.”
Group revenue totalled €2.71 billion, down 12.5% on 2008, while ebita totalled €80.4 million.
The logistics arm demonstrated its operating efficiency by increasing operating profits by 14% to €48.7 million, mainly through warehouse optimisation, reductions in temporary staff, open-book contracts in the UK and by tightly managing resources.
CEO François Bertreau described 2009 as a strong year and added: “Thanks to cost-cutting measures, we were able to report satisfactory results in a difficult period.
“For 2010, in the absence of real economic recovery, we remain watchful so as to maintain our competitive footing, while continuing to launch fruitful initiatives for growth, such as our recently introduced freight forwarding activity.”
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