Gefco Announces 2016 Financial Results

GEFCO Group, a global player in industrial logistics and European specialist in automotive logistics, has announced that it generated a turnover of €4.2 billion in 2016.

Luc Nadal, Chairman of the Management Board of GEFCO Group, says: “2016 has been an excellent year and the results confirm our strategic choices in terms of commercial focus and GEFCO’s operational excellence. These results reflect our ability to add value at each stage of our industrial customers’ supply chain, enhancing their competitiveness. Furthermore, having redefined our market offer we have had the pleasure of expanding our industrial footprint with new customers, while strengthening partnerships with our historical customers.”

Growth was 1.3% compared to the same period in 2015. This growth has been driven by the good performance of the European car market and a strong focus on strategic customers. EBITDA amounted to €172.8 million, representing an increase of 32.1%. This significant improvement in profitability is the result of the Group’s policy to optimise purchases and continue to reduce its fixed costs. This is in line with the performance plan initiated in mid-2014 in favour of greater cost flexibility and an asset-light business model.