DSV Road saw both turnover and profit growth slow last year due to the rising costs of goods and services. Reporting its latest financial results for the year to 31 December 2018, the company which specialises in freight forwarding, haulage and supply chain services, revealed a 1.5% rise in turnover to £196m (2017: £194m) compared with growth of 7.3% a year earlier. Pre-tax profit was up 6.1% to £10.3m (2017: £9.8m) compared with a 21% leap in the same period […]
Norbert Dentressangle’s logistics business saw a 4% increase in turnover during the first half of this year, with growth in the division likely to continue in the second half.
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.
Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat.