Tag: Turkey

Christian Salvesen’s pre-close trading statement

Posted by | Apr 4, 2007 | |

Overall, the outcome for the year ended 31st March 2007 is expected to be in-line with market expectations. A third consecutive year of strong contract wins has delivered revenue growth of around 10 pct in the second half of the financial year, following the 7.5 pct reported in the first half, and all businesses have grown. Contract wins are ahead of last year’s GBP 120 million, with high contract retention rates and a continuing strong pipeline.

In the Food & Consumer sector, results will reflect the strong performance in our UK businesses and a stabilising performance in mainland Europe.

In the Transport sector, results will reflect the continuing challenges in the UK market. We have commenced a thorough review of this business which will be completed by the end of May.

We recently concluded a strategic alliance with leading Turkish freight forwarder, Ulustrans, to offer integrated transportation services between Turkey and the rest of Europe. The alliance will combine Ulustrans’ established freight forwarding services with Christian Salvesen’s extensive networks in Europe.

The programme of restructuring to improve efficiency across the Group is continuing, with particular focus on our UK and Spanish transport businesses and the European food & consumer business, and will result in restructuring costs of around GBP 4.5 million in the second half of the year just ended.

We have recently agreed some important changes with the trustees of our UK pension scheme which have reduced both the ongoing P&L cost and the balance sheet deficit without the need for additional cash contributions.

The year end debt position will be around GBP 45 million, following the successful sale and leaseback of part of our UK property portfolio in September 2006. That transaction generated GBP 47 million in cash for property with a book value of GBP 19 million. Following that transaction, the book value of our remaining properties was GBP 48 million net of related indebtedness.

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Christian Salvesen and Ulustrans announce strategic alliance

Posted by | Apr 3, 2007 | |

Leading Turkish freight forwarder, Ulustrans and European logistics specialist, Christian Salvesen, have announced a strategic alliance which will combine the respective strengths of the two companies to meet customers’ requirements for transportation between Turkey and the rest of Europe.

Christian Salvesen PLC will be able to offer Turkish freight forwarding services to its customers as part of its distribution and logistics services via Ulustrans’ freight capability.

Ulustrans will utilise Christian Salvesen’s extensive networks in Europe to facilitate distribution services for its customers. This alliance enables Christian Salvesen and Ulustrans to meet their customers’ needs by providing an integrated transport capability between Turkey and the rest of Europe.

Christian Salvesen CEO, Stewart Oades, said: “This strategic alliance increases our transport network capability into an important market, enabling Christian Salvesen to provide customers with transport services between Turkey and Europe. Turkey was identified as an important country in our plans and this represents a significant increase in our capability. We look forward to working with Ulustrans, the leading Turkish provider in the market.”

Ulustrans CEO, Olgun Hacialoglu, added: “We are keen to expand our freight offering to and from Turkey. Christian Salvesen is the right partner to enable us to do this and will provide the strong European distribution services which our customers require.”

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European ''emerging markets'' come into focus

Posted by | Feb 23, 2007 | |

Against the background of moderate growth and increasing consolidation in mature Western European markets such as Germany, Britain and France, “emerging markets” such as Spain, Poland, Russia and Turkey are increasingly coming into focus for international express and parcel operators. In contrast to the moderate single-digit growth rates in core European markets, the continent’s smaller markets are growing at high single-digit or double-digit rates and offer attractive areas for expansion. More acquisitions can be expected in these markets during 2007.

Germany, France and Britain jointly account for over half of the total European express and parcel market, according to CEP-Research data. The “Big Three” are the home markets or major regions for carriers such as DHL, TNT, GeoPost/DPD, GLS and UPS. But the market growth rates have slowed significantly in recent years, mostly due to low economic growth, and operational costs are rising. The inevitable result is tougher competition between the market leaders and a clear trend towards market consolidation.

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DHL Express eyes acquisitions for Turkish growth

Posted by | Jan 23, 2007 | |

DHL Express is looking at acquisitions in Turkey to increase its growth in the country, according to reports in Turkish media.

The company, which claims a 50% percent of the Turkish express market, grew 30% in 2006 compared to an original target of 18%, the Dunya Gazetesi newspaper reported. Total revenue figures were not disclosed.

According to the Referans newspaper, DHL is in discussions with Aras Cargo, one of the leading Turkish logistics operators, about a strategic investment. The newspaper cited Enis Karsloglu, general manager of Aras Cargo, as saying that the company was in talks with three foreign investors, including DHL, about international growth plans.

DHL Turkey’s communications director Seda Susal was quoted as saying that DHL wanted to extend its operations in Turkey through acquisitions and was in talks with some companies.

Aras Cargo, a family-owned company, claims to be one of the largest freight transport groups in Turkey. According to information on its company website, it has 7,300 employees, 2,500 vehicles and 1,300 service points. Products include a nationwide next-day delivery service for small goods.

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Logistics road network to link ME and Europe

Posted by | Oct 22, 2006 | |

TNT Express, an international express delivery company plans to link the Middle East with the European market through the road network. The cargo major is expanding its presence to Syria and Lebanon by the end of this year and then links it with Turkey.
The move comes as TNT develops its Middle East Road Network (MERN), starting with its ‘Day Definite’ service, which guarantees customers the exact number of days to delivery.
Speaking to Khaleej Times, Rodney Ellis, TNT Express’s Commercial & marketing Manager , Gulf says, “the road network is the backbone of TNT’s regional strategy and we plan to launch routes linking the Gulf countries with the wider Middle East and Europe next year.”

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