Despite the unfavourable economic climate, the Group GEFCO reported turnover of €3.2 billion, an increase of 8% on 2005. Operating profit represented 4.7% of turnover, down 0.1%. Gains in productivity only partially compensated for the strong rise in transport costs resulting from the latest oil shock.
Group growth in 2006 reflects the progress made by all three business lines:
Automotive (Logistics and vehicle transport), with sales of €1,184 million (+8.1%); Network (Overland freight transport), with sales of €1,639 million (+8.8% year on year); Supply (Logistics and Overseas), with sales of €410 million and continuing strong growth (+8.6%).
The year 2006 set the stage for further progress.
GEFCO achieved 40% of its international growth in countries where it has recently started business operations. Turnover rose 94% in China, 83% in central and eastern Europe, and 34% in Latin America.
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