DHL Tradeteam saw its revenue and profit fall in 2011 as customers’ thirst for drinking in pubs, clubs and restaurants diminished. For the 12 months ending 31 December 2011 turnover at the drinks distributor fell to £160.3m (2010: £172.2m), while pre-tax profit also fell from £12m to £11.1m. A spokeswoman for DHL says: “Tradeteam continues to face challenging market conditions as pubs continue to close, and overall on-trade volumes continue to decline. “As a result Tradeteam took the decision at […]
DHL Supply Chain is facing widespread industrial action following its decision to close its Sheffield and Ebbw Vale Tradeteam depots and cut hundreds of logistics jobs.
DHL Supply Chain subsidiary Tradeteam is bracing itself for further job cuts and losses of up to £7m as a result of the impact of the Covid-19 pandemic on the hospitality sector.
DHL Supply Chain continued to improve its profitability in the UK, with pre-tax profit up 18% year-on-year in the most recent set of results filed at Companies House, despite a turnover drop resulting from the renewal of its NHS Supply Chain contract.