Operating profit was up 4.5 per cent at Norbert Dentressangle’s logistics division last year.
EBITA rose from €87.4m in 2013 to €105.2m, an increase of 4.5 per cent. Revenue was up 20.9 per cent to €2.4bn. More than 78 per cent of Dentressangle’s logistics division’s revenue is now generated outside of France.
Group EBITA, at €167.9m, was up 18.6 per cent providing an EBITA margin of 3.6 per cent compared to 3.5 per cent the previous year.
Norbert’s £452m acquisition of Jacobson, completed in August, provided a boost in operating margins, which without would have left EBITA margin flat for the year.
Total group revenue rose 15.8 per cent to €4.7bn, compared to €4bn in 2013. Transport division revenues grew 8.7 per cent to €2.2bn, with the firm attributing this to strong growth in its pallet distribution business.
“The growth in revenues across all our business lines – Logistics, Transport and Air & Sea – was matched by an increase in EBITA, giving us a consolidated EBITA margin of 3.6 per cent, said CEO Hervé Montjotin.