Growth strategies in wholesale distribution
Growth strategies in wholesale distribution
Read MoreTag: France
Geodis – financial statements 2006
– Revenue up 5.3%
– Operating profit up 25%
– Attributable profit up 50%
– Dividend up 11%
– New ambitions for the period to 2009
The Board of Directors of Geodis, chaired by Pierre Blayau, met on 26 February to approve the 2006 financial statements.
(a) Adjusted in accordance with IAS 8
(b) Like-for-like growth (at constant exchange rates, based on a comparable scope of consolidation and income statement presentation): 4.6%
A robust performance in France combined with sustained growth in Germany, Eastern Europe and Asia fuelled a 5.3% increase in consolidated revenue in 2006. This was the third consecutive year of around 5% revenue growth.
Operating profit rose 24.6% to €106.4 million, representing 2.8% of revenue. Operating profit in France includes the reclassification in operating expense of the €2.0 million standard minimum corporate income tax, as well as the reimbursement of €7.9 million in VAT paid on motorway tolls in prior years.
The Europe region (excluding France) came close to break-even with an operating loss of just €0.5 million, reflecting the ongoing recovery in Italy where operating losses were limited to €3.6 million, and the improved situation in the United Kingdom.
Results in Spain were adversely affected by the problems encountered by the groupage network and by the €4.8 million in impairment charges recognized on intangible assets.
Read MoreWestern Union extends its relationship with La Banque Postale
The Western Union Company announced that it has renewed its relationship with La Banque Postale. The new agreement will enable Western Union to pursue a successful business strategy as it continues to create rich opportunities by strengthening the Western Union brand and its relationships with Agents.
With approximately 29 million customers, La Banque Postale operates one of France’s largest financial services networks. They have a bank license that allows them to offer a wide range of financial services. In October 2006, Western Union and La Banque Postale celebrated 10 years of working together. The agreement with La Banque Postale promises to increase Western Union’s reach throughout France. Presently, Western Union and its agents operate more than 3,000 locations across France, and customers carry out millions of Western Union Money Transfers annually with La Banque Postale.
Both organizations also manage a successful joint venture “La Societe Financiere de Paiements” (SFdP) which, along with its correspondents, manages a network of 46 branches located in France’s major cities. This joint venture was created in 2003 to complement the Western Union service offering within La Banque Postale and endeavor to meet the wide-ranging needs of customers — primarily immigrants who have left home to seek a better life in France and who continue to send money home to the families they have left behind. These remittances provide support for everyday necessities like education, food and health.
Centreing on Europe’ s “most wanted” list
Centreing on Europe’ s “most wanted” list
Read MoreTAT Express is new trans-o-flex partner for France and strengthens European network
Trans-o-flex, the express delivery specialists, have gained TAT Express as their new partner for the French market in their European distribution network EURODIS. Beginning this month, TAT Express is delivering all France-bound trans-o-flex shipments. TAT Express puts trans-o-flex into a stronger position in the second-largest logistics market in Europe. In existence for 31 years, the French company employs 1,300 people, has annual sales in the region of EUR 143 million and transports about 14 million shipments. Since 2005 it has ceased to be a subsidiary of La Poste and is owned by a private investor and the management. Klaus J. Heinz, trans-o-flex CEO, on the new partner: “TAT Express is perfectly suited for a partnership with us, as our systems are very similar: high quality, the ability to carry parcels as well as pallets, use of the shipment concept, high competence in IT and the possibility to shift hazardous goods shipments in large quantities safely and reliably.”
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.