Norbert Dentressangle revenue growth

In the first half of 2011, Norbert Dentressangle's consolidated revenue totalled €1,706 million, up 21.9% on a published basis versus H1 2010.

The performance resulted from the consolidation of TDG in company's financial statements, effective April 2011, and continued organic growth, with revenue up 6.6% like for like.

Other highlights announced by the group include:
-Transport and logistics businesses report strong organic and external revenue growth. 
- Freight forwarding starts to achieve significant market size as a result of the Schneider Logistics and TDG acquisitions.
- Agreement signed to acquire APC Beijing International, a Chinese freight forwarding company with full-year revenue of some €50m.
- Interim earnings are strong, with operating margin up on the historical scope of consolidation.
- Christian Salvesen assets in the UK are sold in line with Norbert Dentressangle's sale and leaseback strategy for warehouses.

Transport revenue was up 17.7% including TDG, and up a satisfactory 8.1% on a like-for-like basis. The impact of higher diesel fuel prices on selling prices was around 2.5%.

On a like-for-like basis, logistics revenue was up 4.3% in H1 2011, continuing the organic growth trend observed in the first quarter.

Norbert Dentressangle's CEO François Bertreau said: "Our transport and logistics activities in the UK have maintained a very satisfactory growth and profitability trend during this first half year. Since 1st April 2011, former TDG activities are consolidated and the operating integration is on track."