The GEFCO group, now a global player in industrial logistics and a European leader in automotive logistics, generated a turnover of 4.2 billion in 2015, up 3% compared to 2014. Luc Nadal, Chairman of the Management Board of GEFCO Group, said: GEFCO achieved good results in 2015 in an unsteady global economic context and succeeded in further enhancing its position of global logistics solutions provider. The Group expanded its international footprint by opening new countries and acquiring the Dutch company IJS Global, whilst broadening its offering in freight forwarding and customer portfolio. I see the Groups performance as a tangible proof of our customers trust in GEFCOs expertise: they know how much GEFCOs teams are committed to adding value at every stage of their logistics chain.
In 2015, the GEFCO group achieved a turnover of 4.2 billion, up 3% compared to 2014. The Group produced a free cash flow of 173 million over three years, with very little debt, which demonstrates its sound financial situation. The performance plan initiated mid-2014 to increase its cost flexibility, alongside with the Groups asset-light business model, contributed to an efficient cost management by the company. In the meantime, the Group kept on expanding its customer portfolio and achieved an increase by 9.5% of its revenue with international industrial customers.
The EBITDA is lower than in the previous year (-18%). A decline in oil prices, the economic crisis hitting hard countries such as Russia and Brazil, and difficulties experienced by car makers in Latin America and Russia are the key reasons of this setback.
Finally, unrelenting efforts of GEFCOs teams have laid solid foundation for the future and enabled the GEFCO group to maintain its position among the top ten European logistic integrators, and its number one status in Europe for Finished Vehicle Logistics.
The Group’s activity growth demonstrates the relevance of its diversification strategy and its successful implementation.
Created in 1949 to meet the logistical challenges of the automotive industry, GEFCO partners with main car makers and automotive suppliers in the world to manage and optimize their complex supply chains. The fruitful collaboration with DACIA leading to 600,000 vehicles delivered in 10 years – and the 7-year contract signed with PSA Peugeot Citroën to manage their car compound in France – constitute as many prove, gained in 2015, of the quality and the recognition of such expertise.
In the meantime, GEFCO has been successfully rolling out a diversification strategy to enhance its future and profitable growth, supporting the development of its industrial customers worldwide with global logistics solutions. Among 2015 highlights we can mention successful multimodal transport plans designed and operated by GEFCO for Schneider Electric in Europe and the Balkans, for Alstom Transport between France and Kazakhstan, as well as for Eska Graphic Board, a Dutch manufacturer and exporter of high-end graphic cardboard, from the Netherlands to the rest of the world.
17th May 2016
