JOC Staff | Mar 22, 2013 1:32PM EDT
German logistics operator Dachser is targeting revenue of more than 5 billion euros ($6.5 billion) for 2013, driven by organic growth and recent acquisitions in Spain.
The family owned concern boosted 2012 revenue by 3.7 percent from a year earlier to $5.7 billion, with overseas operations growing faster than its core European logistics business, which saw sales grow just 1.4 percent.
“Many of our customers experienced 2012 as an economically extremely unstable year,” said Bernhard Simon, head of the Dachser management board. “The economic slowdown in Europe in the second half of the year was exacerbated by a weakening on the air freight routes to and from Asia.”
Simon said the company adopted a counter-cyclical approach in 2012, increasing its capital spending by 10 percent to around $192 million.
Dachser Food was the stand-out unit, boosting its revenue by 13.2 percent to $745 million “and once again proved to be a stabilizing factor independently of the economic fluctuations.”
Air and sea logistics revenue was 7.4 percent higher at $970 million as the business added Vietnam and Malaysia to its Asian network.
The company, which has a worldwide payroll of 21,550, said it plans to expand its European and intercontinental network in 2013, aided by its two Spanish acquisitions — Transunion and Azkar.
