Norbert Dentressangle posts positive results for 2010

Logistics giant Norbert Dentressangle (ND) has shown increased profitability and reduced debt in its latest figures.

Consolidated revenue for 2010 was €2,839 million, up 4.4% on a published basis and up 3.4% at constant exchange rates and scope of consolidation, on 2009.

Operating profit before goodwill (EBITA) increased by 32% to €106.3 million, up 17.4% on a comparable basis with 2009.

While debt still represents 83% of equity, ND worked net financial debt down 14% to €382 million.

ND also undertook two strategic acquisitions in the last year - Schneider Logistics' freight forwarding activities and an agreement to acquire TDG, to be completed at the end of March 2011.


Stock in the Paris-listed firm has risen almost to its 2008 peak from the trough it slumped to during the recession.

CEO François Bertreau said: “In 2010, Norbert Dentressangle regained momentum. All our transport and logistics activities reported growth in 2010, and the launch of our new freight forwarding business was a success. With the acquisition of Schneider Logistics freight forwarding activities, we are now present in North America and Asia.

“Tight management practices have also borne fruit, yielding improved profitability and significantly reduced net financial debt. Our balance sheet was further strengthened during the year, enabling us to go forward serenely as we complete the acquisition of TDG. In 2011, the integration of TDG will mark a new step in our development, with the extension of our international footprint.”