Norbert Dentressangle has announced its revenue result for the fully year 2014. It posted consolidated revenues of €4.67bn, up 15.8% from 2013’s result. Like-for-like growth compared to 2013 amounted to 4.1%. A currency gain of 1.7% was also recorded for the year.
Over 2014 Norbert Dentressangle’s globalisation drive continued with 64% of revenues now generated outside France. The UK is the second largest country in terms of contribution to group revenues, accounting for 29% of total sales. Following the acquisition of Jacobson, the US has become the third largest contributor to revenues. Meanwhile Spain is in fourth place, accounting for 12% of total revenues.
Hervé Montjotin, Chief Executive Officer of Norbert Dentressangle said, “In 2014 Norbert Dentressangle reached a significant new milestone of international proportions in its strategy for the provision of services to its customers. The 4.1% like-for-like growth achieved in 2014 corroborates this long-term strategic plan. All three divisions achieved growth in 2014: Logistics, now the group’s leading business and still growing; Transport, despite sluggish economic conditions in France; and last but not least, Air & Sea, which has consistently increased its growth rate since the second half.
Montjotin continued, “In the US the first phase of the Jacobson integration proceeded according to plan and our US staff are now fully focused on the performance of our businesses in 2015. In the light of these achievements and our tight control of operations across all our business lines, we expect the 2014 EBITA margin to be in line with the values reported over the past few years.”
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