Norbert Dentressangle has seen net profit increase by eight per cent to 75.9 million euros in 2014 ($86.1 million), with growth coming from all business sectors.
Revenue for the company as a whole was 4.7 billion euros in 2014, up 15.8 per cent from 2013, when it was four billion euros. The air and sea division revenue was 206 million euros, up 42.2 per cent on 2013. Transport revenue was up 8.7 per cent to 2.2 billion euros, because of a strong pallet distribution business and the drop in oil prices. Logistics remained its largest area, with revenue of 2.3 billion euros, up 20.9 per cent. Norbert Dentressangle’s chief executive officer, Herve Montjotin, says: “In 2014 Norbert Dentressangle reached a new milestone in terms of size by achieving 15.8 per cent growth.”
The company says earnings before interest, tax, depreciation and amortisation (EBTDA) is up by 18.6 per cent to 167.9 million euros, compared to 2013. Air and sea EBITDA was 3.5 million euros in 2014, up from 1.3 million euros in 2013. The transport EBITDA was up to 59.1 million euros from 53 million euros, which the company says is despite the sluggish French economy. Logistics had the highest EBITDA, of 105.2 million euros, which it says was helped by e-commerce.
In February Norbert Dentressangle announced it had secured block space agreements on flights from China and Hong Kong to the UK. It secured three consolidations a week for services from Hong Kong International Airport to Heathrow Airport and Manchester Airport, added to its daily trucking service from Southern China to Hong Kong.