International logistics service provider IFCO has this week reported on continuing growth for both revenues and operational profitability through the third quarter of 2010.
The group, which operates a pool of over 112m reusable plastic containers (RPC) primarily used to transport fresh produce, said that currency-adjusted revenues grew by 12 per cent to US$200.2m (€145m), while earnings before interest, taxation, depreciation and amortisation (EBITDA) climbed 8.6 per cent to US$37.1m (€27m).
RPC Management Services delivered gains in currency adjusted revenues of 20.5 per cent year-on-year, while gross profit climbed 39.5 per cent and EBITDA jumped 12.1 per cent.
In the Pallet Management Services business segment, revenues grew by 1.8 per cent and EBITDA declined 5.3 per cent when compared with the third quarter of 2009.
According to IFCO, its European business benefited from higher usage and increased penetration across the company's customer base as well as winning new retailers in markets such as Spar in Austria and Carrefour in France, while developments in Eastern Europe showed progress.
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