GEFCO continued to drive operating excellence in 2019, resulting in Recurring EBIT of €204.7 million compared to €160.3 million last year (+27.7%).
- Despite a challenging business environment, 2019 revenues increased by +2.0% to €4.739 billion (+2.6% like-for-like, “lfl”) compared to the financial year ending 31 December 2018
- Recurring EBIT increased by +27.7% to €204.7 million, reaching a margin of 4.3%
- A best-in-class 34.1% return on capital employed (“ROCE”) in 2019, up from 31.4% in 2018
- Strong balance sheet with a net debt of €347.7 million as of 31 December 2019 after IFRS 16. (Net debt of €37.1 million before lease liabilities)
- Successful launch of Chronotruck and Moveecar, two innovative digital platforms to deliver supply chain excellence and an elevated customer experience
- Crisis management team activated to support customers and protect employees during the Covid-19 crisis
GEFCO, the European leader in integrated automotive logistics, including finished vehicle logistics, and a top 10 global provider of multimodal supply-chain solutions, today released its consolidated revenue figures for the full year ending 31 December 2019.
SOURCE: GEFCO
