Transport and logistics company Norbert Dentressangle Group posted sustained growth in both its transport and logistics division, and has boasted mid-year revenue of €1.6 billion.

With the acquisition of Christian Salvesen on December 14, 2007, consolidated revenue for the first half of the year rose by 83 per cent, against the first half of 2007, and like-for-like growth came out at 86 per cent. The logistics business accounted for 42 per cent of total revenue, more than doubling its H1 2007 volume.

Organic business growth over the first half of the year was extremely consistent throughout the group at 7.4 per cent for the historical scope and 6.7 per cent for the Christian Salvesen scope on a like-for-like basis. The group’s H1 performance once again reflects the strength of its positioning on the European transport and logistics market and the successful integration of Christian Salvesen. Norbert Dentressangle Group’s operational and reporting procedures have been harmonised throughout the scope, which is now referred to as the Norbert Dentressangle brand.

François Bertreau, who was appointed as the company’s new ceo to replace Jean-Claude Michel in July, commented on the figures for the first half of 2008 and on the group’s outlook. He reaffirmed his confidence in the group to reach its announced targets, despite a more challenging market, which include an organic business growth of six per cent to eight per cent like-for-like based on 2007 proforma revenue of €3.08 billion and growth in recurring operating income as against the 2007 proforma figure.

Following the acquisition and integration of Christian Salvesen, the Norbert Dentressangle’s supervisory board considered that a change in management was necessary in order to guide the group through this new and important phase in its history and prepare it to face the forthcoming challenges with a view to global development.

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