Strong European Growth Drives 6% GEFCO Revenue Rise
11th October 2018
Automotive logistics leader GEFCO has announced strong financial results for the first half of 2018.
In a statement, the company said:
The Group’s revenues increased by 6.2% to €2,402 million. The growth was driven by GEFCO’s double-digit increase in Value Key Accounts (international integrated logistics customer portfolios) and results from a continued effort to leverage GEFCO’s expertise in complex logistics solutions to win new customers’ trust and increase business with existing ones by cross-selling or up-selling its service offering.
• The Group’s 69 years of expertise in automotive logistics continued to generate robust sales of complex integrated logistics services to blue-chip customers across various sectors worldwide. For example, GEFCO started delivering vehicles in Russia for Renault-Nissan (now allied with Mitsubishi Motors). The Group reinforced its successful storage and sequencing operations for tier-one automotive suppliers and OEMs in Halewood, UK. GEFCO also opened a second facility in Nitra, Slovakia, to service car equipment company Lear Corporation.
• GEFCO rolled out solutions in France and Europe for Mecachrome, a global leader in the design, engineering, manufacturing and assembly of complex precision-engineered components for the aviation and automotive industries. GEFCO was chosen as the lead logistics provider (LLP) to design transportation flows in France and between France, Portugal and Morocco.
• In Brazil, the Group was selected by John Deere to deliver agricultural machines in Brazil and to neighbouring countries (Argentina, Bolivia, Brazil, Chile, Paraguay, Peru and Uruguay).
• GEFCO continued supporting Amazon in several European countries by organising inbound collection from vendors, as well as cross-docking operations, including at GEFCO Dartford in the UK.
• GEFCO launched a European supply chain network for TEDi, a Germany-based retailer of convenience products.
• In Spain, the Group was selected by Spanish train manufacturer Talgo to deploy industrial project cargo (IPC) solutions for the new Mecca–Medina high-speed railway.
• GEFCO also achieved success in its fast-growing Time Critical Solutions business, offering tailored services to demanding customers with urgent needs around the world. For example, GEFCO transported broadcasting equipment for French TV stations to the cities hosting the 2018 FIFA World Cup in Russia in addition to managing customs and other formalities. In Australia, GEFCO designed, tested and implemented a unique new solution for transporting large aircraft engines on passenger planes. Since the beginning of 2018, more than 40,000 time critical missions have been accomplished for the automotive and other industries.