Tuesday 29th Sep 2020 - Logistics & Supply Chain

Profits rise 32pc at Gefco

Gefco’s turnover rose 1.3 per cent to € 4.2 billion last year, while EBITDA was up 32.1 per cent to €172.8 million.

It said the improvement in profitability is the result of the Group’s proactive policy to optimise purchases and continue to reduce its fixed costs.

Last year, Gefco signed an €8 billion exclusivity agreement with PSA Group for the development and implementation of global logistics and transport solutions for the three PSA Group brands: Peugeot, Citroën and DS. It includes the management and optimisation of the entire supply chain, from sourcing components for production and assembly plants to distributing finished vehicles and spare parts.

Gefco also signed new contracts with customers involved in various sectors such as High Tech and Home Equipment (Whirlpool, TPV Technology), and Marketline Life Science & Healthcare (Zentiva, Artsen Zonder Grenzen (Médecins Sans Frontière), Netherlands, CEVA Santé Animale Romania).

Chairman Luc Nadal said: “In 2017, our aim is to grow our finished vehicles logistics business while continuing to develop the overland, warehousing and reusable packaging, freight forwarding and fourth party logistics expertise by testing new technologies and concluding new partnerships.”

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