Norbert Dentressangle - Revenues for the first 9 months of 2013 increased by
2.0% to €2,959 million
* Revenues for the first nine months of 2013 amounted to €2,959 million, up
2.0% on a reported basis, and 1.3% on a like-for-like basis and at constant
exchange rate.
* Transport revenues posted a modest 2.0% fall to €1,514 million thanks to a
slight recovery in the third quarter.
* Logistics revenues rose by 7.3% to €1,409 million, boosted by a strong
momentum in its traditional markets, the integration of the Fiege Italian
and Spanish businesses, and the start-up of operations outside Europe.
* Freight Forwarding generated revenues of €94 million, the recently acquired
Daher Group's freight forwarding businesses in France and Russia will be
included from 1st October.
* EBITA 2013 confirmed comparable with levels achieved over the past few
years.
Commenting on business activity for the first 9 months of 2013, Hervé
Montjotin, Chairman of the Executive Board, said: "In line with expectations,
Norbert Dentressangle is reporting an encouraging increase in its business
activities for the first 9 months of 2013, primarily driven by a return to
growth in the 3rdquarter. In particular, our Group is taking advantage of its
now significant exposure to economies which are growing at a faster rate than
that of France. The Transport business returned to growth in the 3rdquarter.
The Logistics business reported robust growth which is accelerating thanks toa
sound commercial momentum in its European markets, the launch of the businesses
with our customerDanone in Saudi Arabia and in Russia, and the consolidation of
Fiege's businesses in Italy and Spain. TheFreight Forwarding businesswill
benefit from the consolidation of Daher's French and Russian freight forwarding
businessesasfrom the 4thquarter. Based on this performance, we are confident in
our ability to maintain our operating income (EBITA) at a level comparable to
thatachieved overthe past few years. »
Aggregate 9 month 9 months2013 9 months2012 Change Change
Revenues at constant
exchange rates and
In € million like for like
Transport 1,514 1,545 -2.0 % -1.3%
Logistics 1,409 1,313 +7.3% +5.2%
Freight Forwarding 94 102 -8.1% -16.1%
Inter-division (59) (59)* n.m. n.m.
Consolidated total 2,959 2,901 +2.0% +1.3%
3rdquarter Q3 2013 Q3 2012 Change Change
Revenues at constant
exchange rates and
In € million like for like
Transport 504 504 +0.1% +1.0%
Logistics 513 451 +13.6% +10.4%
Freight Forwarding 30 34 -11.7% -20.0%
Inter-division (20) (22)* n.m. n.m.
Consolidated total 1,027 967 +6.2% +5.0%
* Includes the revenues from the Dagenham site in the United Kingdom (sold in
early October 2012)
Norbert Dentressangle's consolidated revenues for the first 9 months of the
2013 financial year amounted to €2,959 million, an increase of 2.0% compared
with 2012. on a like-for-like basis and at constant exchange rate, organic
growth was up 1.3% compared with the first 9 months of 2012. There was a
negative forex effect of 1.6% over the period.
The percentage of revenues generated outside France amounted to 59% of the
total.
Performance by divisionover the first 9 months of the 2013 financial year
The Transport business, which reported revenues of €1,514 million as at 30
September 2013, registered a 2.0% decrease on a reported basis and a 1.3%
decrease on an organic basis compared with the same period in 2012. However,
the 3rd quarter marked an upturn in growth, with organic growth up 1% over the
quarter, benefiting from a favourable seasonal effect and the ongoing sales
momentum. The situation of the various transport businesses was quite
contrasted, as the pallet network held up well while full-loads, which is more
exposed to the industrial sector, was penalised by an adverse economic
environment.
Growth in the Logistics business accelerated, with a 7.3% reported increase in
revenues, which reached €1,409 million over the first 9 months of 2013, and
rose by 5.2% on a like-for-like basis and at constant exchange rate. This
performance was primarily due to sustained sales momentum on major European
markets, including the win of new contracts in key sectors such as e-commerce.
The new business activities with our client Danone in Saudi Arabia and Russia
also contributed to growth, along with the recently acquired Fiege businesses
in Italy and Spain.
TheFreight Forwarding business generated revenues of €94 million over the first
9 months of 2013, a decrease of 8.1% compared with the same period in 2012,
primarily due to our increased selectiveness of customer contracts in China.
The consolidation of the Daher Group's freight forwarding activities in France
and Russia as from 1st October 2013 will enable the Group to reach an initial
consolidation threshold, with revenues of close to €220 million on a full-year
basis.
Outlook
Strong momentum in business volumes in the 3rd quarter, combined with ongoing
strict and careful cost control initiatives, should enable the Group to reach a
level of operating income (EBITA) comparable with levels achieved over the past
few years.
Upcoming dates
* 2013 annual revenues: 30 January 2014 after the Stock Market closes
* 2013 annual results: 26 February 2014 before the Stock Market opens
About Norbert Dentressangle:
Norbert Dentressangle is an international transport, logistics and freight
forwarding company, with annual turnover of €3.9 billion in 2012. Norbert
Dentressangle develops high added value solutions in its three sectors, across
Europe, America and Asia, and places sustainable development at the heart of
all its activities. It is established in 26 countries, employs 32,500 people
and generates 59% of its turnover outside France. Norbert Dentressangle, which
is listed on the CAC Small & CAC All Tradable, is headed by Hervé Montjotin.
NYSE Euronext Paris (category B) / NYSE Euronext London, Code GND - Isin FR0000052870
www.norbert-dentressangle.com
Contacts:
Norbert Dentressangle DGM Conseil
Communications Director Press Relations
Thierry LEDUC - Tel: +33 4 72 83 66 00 Olivier Labesse - Tel : +33 1 40 70 11 89 Email: thierry.leduc@norbert-dentressangle.com Email : labesse@dgm-conseil.fr
Thomas de Climens - Tel : +33 1 40 70 11 89
Email : thomasdeclimens@dgm-conseil.fr
Hugues Schmitt - Tel : +33 1 40 70 11 89
Email : h.schmitt@dgm-conseil.fr
Mercredi 24 avril 2013
Wednesday 23 October 2013