Norbert Dentressangle reported turnover in the first quarter of 2013 was €949 million (about US$1.234 billion), falling 1 percent from $1.246 billion in the first quarter of 2012.
The transportation, logistics and freight forwarding company’s transport segment posted a turnover of $650.5 million in the first quarter, down 4.1 percent from the same quarter in the previous year, reflecting the higher-than-last year number of public holidays, the France-based company said in a written statement.
However, the logistics division’s quarterly turnover was $567.3 million, rising 3.4 percent year-over-year. The logistics business was particularly strong in the U.K., which accounted for 43 percent of the segment’s total sales, while Italy and the Netherlands also performed well, the company explained.
Additionally, the freight forwarding division posted turnover of $42.9 million in the period, an improvement of 1.4 percent from the first quarter of 2012.
“Norbert Dentressangle maintained a solid activity level in the first quarter of 2013, despite a deteriorating economic environment since the start of 2013, particularly in France,” said Hervé Montjotin, Norbert Dentressangle’s executive board chairman. “Against this backdrop, the group has maintained a sharp focus on its operational management and continues to focus on cost control in relation to business volumes handled for its clients, particularly in the transport business.”
“Beyond that, we have confidence in the future benefits of our international development strategy, which is aimed at strengthening transport in Central Europe, establishing logistics outside Europe and expanding our freight forwarding network worldwide,” Montjotin added.