Gefco Group posts close to EUR 4 billion turnover in 2013

In 2013, the Gefco Group, a global player in industrial logistics and the European leader in automotive logistics, recorded a turnover of EUR 4 billion, up more than 11 percent on its result for 2012. Current operating income stands at EUR 95.5 million for a net profit of EUR 55 million, up 28 percent.

2014-03-28 15:19:38

Luc Nadal, Chairman of the GEFCO Executive Board said: "Despite the difficulties with the economy in Europe, our results for 2013 were satisfactory and in line with our expectations. They demonstrate that our customers recognise the unique expertise that GEFCO has in supply chain optimisation. They are also tangible proof that we are a financially sound organisation which is pursuing the right strategy for geographical and cross-sector diversification."

In 2013, the turnover for the GEFCO group approached EUR 4 billion, the highest ever in the history of the company since it was founded in 1949. Responsible first and foremost for this increase in turnover were GEFCOs activities in Central and Western Europe as well as in South America, with the company's results for the rest of the world remaining stable.

The Group profitability also improved, and is in line with industry standards. Thanks to its very low debt levels, GEFCO has been able to generate a sustained and regular free cash-flow over the years which shielded it from the recession of 2009 as well as the slowdown in the European automotive market in 2012 and 2013. This sound financial health is what provides the Group with the flexibility necessary for its future growth.

GEFCO opened three new subsidiaries in 2013, in Dubai, Mexico and in Croatia, thus underlining its intention to help its major international customers achieve new sales success. Today the Group has a network of 37 subsidiaries (as opposed to 9 in 1999) completed by a network of partners and sales representatives providing it with a presence in 150 countries.

It is this global network which enables the Group to manage the logistics flows in the countries where it operates and to leverage the potential of numerous strong growth regions, such as South America, China, India, Central and Eastern Europe, the Middle East and Russia.

These are the strengths and opportunities that GEFCO intends to exploit as part of its ambitious strategy for growth; the Group aims to achieve a turnover of EUR 8 billion by 2020.