International and ecommerce business means growth for SEUR
Spanish express delivery and logistics company SEUR achieved a 2% growth in its turnover in 2011, as its volumes surpassed the 50m mark. The company said yesterday that it had seen good growth in international shipments, its logistics business and e-commerce, which countered difficult conditions in the core business.
A diversification of its business activities and a commitment to particular niche market segments with attractive growth prospects had helped overall revenue to increase to EUR 558m in 2011, it said.
SEUR saw a slight decrease in its core business revenues, mainly thanks to price changes and a reduced weight per shipment, but the company said this was largely offset by revenue growth seen in international, business-to-consumer and logistics activities.
The largest growth area in terms of revenue was SEUR’s international business, which is run with its strategic partner and shareholder GeoPost, part of France’s La Poste Group. The international services that SEUR offers to 230 countries saw an 8% growth in revenues compared to 2010, bringing in EUR 75m in sales for the year – just over 13% of total group revenues.
SEUR’s business-to-consumer business achieved 12% growth compared to 2010, bringing in EUR 67m in 2011. The company sees this segment as one of its most promising, and has hopes that the business will represent 30% of group revenue within four years.
The logistics business surpassed forecasts of a 4% growth in turnover, with a 9% growth in 2011, as revenues reached EUR 24m. SEUR said it had been benefiting from an increasing trend among businesses to outsource logistics in order to cut costs and reinforce core business activities.
In 2012, SEUR said it expected to continue its growth in both income and volumes.
The company currently has more than 250 of its own stores and 1,000 convenience store locations, while its network includes 3,700 vehicles and 6,600 staff.
