GEFCO revenues were up 1.9% year-over-year in the first half of FY17. This increase was driven mainly by the recovering European car market, a strengthened European economy and the continuing focus to expand its customer portfolio across global accounts. Total turnover for the period stood at €2,262m.
It’s EBITDA increased 25.8% to €115m. This was due to re-structuring in procurement management and a reduction in fixed costs. It also said its asset-light model contributed to efficient cost management.
As well as signing new contracts in the automotive sector, GEFCO has pursued its diversification strategy, seizing opportunities offered by the Life Sciences & Healthcare markets.
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