Strong growth in its logistics division helped offset declining revenues from transport at Norbert Dentressangle last year, leaving the firm’s turnover almost 4% up with a fractional increase in profitability. Following a particularly good fourth quarter, the group reported an overall 3.9% rise in turnover during 2013 to just over €4bn (£3.28bn), with earnings before interest, tax and amortisation (EBITA) amounting to €141.7m (£116.4m). This compares to restated turnover of €3.88bn and EBITA of €141.6m the previous year. Revenue from […]
Highbridge, Somerset-based RT Keedwell Holdings boosted its pre-tax profit almost 25-fold in the year to 31 October 2012, reporting pre-tax profit of £198,000 compared to just £8,000 the previous year as it recovered from a serious downturn in the construction sector.
Norbert Dentressangle has reported an “encouraging” increase in revenue for the first nine months of 2013 for its Logistics divison, while its Transport business returned to growth in the third quarter after seeing a fall in income for the previous six months.
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.