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Big jump in gross profit for Gefco

COURBEVOIE, France: May 30, 2017. Gefco, the automotive logistics specialist owned by RZD Russian Railways, has reported a 1.3 percent increase in revenue of €4.2 billion for 2016. EBITDA rose 32.1 percent year-on-year to reach €172.8 million.

The company said a strong European car market and focus on strategic customers had led to the strengthening of its position as a leader in finished vehicle logistics.

Gefco 2016Gefco, in which Peugeot-Citroen (PSA) retain a 25 percent stake, signed new supply chain agreements with Renault Nissan, VWG Audi, Toyota, BMW and Talgo in 2016.

An €8 billion, five-year deal with PSA for the development and implementation of global logistics and transport solutions includes the management and optimization of its entire supply chain, from sourcing components for production and assembly plants to distributing finished vehicles and spare parts.

Last year also saw the company diversify into other sectors by signing new contracts with Whirlpool, TPV Technology, Zentiva, Médecins Sans Frontière and CEVA Santé Animale Romania.

At the same time it completed the integration of Dutch forwarder IJS Global to provide pharmaceutical, high-tech and aerospace customers with logistics solutions across five continents.

Acknowledging the past year had been a good one for the company Gefco chairman Luc Nadal declared: "In 2017 our aim is to grow our finished vehicles logistics business while continuing to develop the overland, warehousing and reusable packaging, freight forwarding and 4th Party logistics expertise by testing new technologies and concluding new partnerships."

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