Watch Now


Norbert Dentressangle profit dips in 2008

Norbert Dentressangle profit dips in 2008

Related Stories
 
Salvesen shareholders say “oui” to Norbert Dentressangle

French transport and logistics group Norbert Dentressangle Wednesday reported net income of 49.3 million euros ($73 million), down 0.9 percent compared to 2006, which included a one-off tax refund from motorway tolls.

   The company, based in Saint-Vallier-sur-Rhone, said its annual earnings before interest and taxes (EBIT) rose 19.8 percent to 79.8 million euros ($118 million) with revenue up 12.2 percent to 1.8 billion euros ($2.65 billion). The results include new British acquisition Christian Salvesen from Dec. 14. Pro forma revenue for the combined companies in 2007 stood at 3.08 billion euros ($4.5 billion) with EBIT of 91 million euros ($134 million).

   With the takeover of Salvesen, Dentressangle said it now conducts half of its business outside France. Road transport now represents 57 percent of its activity — 8,000 tractor units and 10,000 trailers — and logistics 43 percent — 4 million square meters of warehouse capacity.

   For 2008, the company’s aim is to achieve organic growth of 6 percent to 8 percent, while its “Passion Rouge 2010” business plan calls for sales approaching 4 billion euros.