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’s Tradeteam has renewed its partnership with Bibendum PLB Group for a further ten years.
DHL said that it remains satisfied with the performance of its Supply Chain subsidiary, despite a 23% year-on-year fall in turnover caused in part by a change in the way its NHS Supply Chain contract reports revenue.
DHL Supply Chain has acquired the remaining shares in drinks distributor Tradeteam from Molson Coors.