DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator. Financial results for the year ended 31 December 2012, which were published earlier this month, showed that turnover was down 3.2% to £179.3m (2011: £185.4m), while pre-tax profit fell 41% to £5.6m, compared to £9.7m in the previous year. Falch Olesen said: “We were very happy with the results under the circumstance that the […]
Yodel’s annual loss increased by nearly half, its latest financial accounts reveal, despite a change in senior management and the firm’s extensive remodelling of its network.
City Link narrowed its losses by 54% in 2012, but a reduction in volumes from higher margin B2B customers meant that its performance was behind the expectations of parent company Rentokil Initial.