GEFCO Group, a global player in integrated supply chain solutions and the European leader in automotive logistics, announced strong financial results for the first half of 2018.
The Group’s revenues increased by 6.2% to €2,402 million ($2,762.3 million). The growth was driven by GEFCO’s double-digit increase in Value Key Accounts (international integrated logistics customer portfolios) and results from a continued effort to leverage GEFCO’s expertise in complex logistics solutions to win new customers’ trust and increase business with existing ones by cross-selling or up-selling its service offering.
The Group’s 69 years of expertise in automotive logistics continued to generate robust sales of complex integrated logistics services to blue-chip customers across various sectors worldwide. For example, GEFCO started delivering vehicles in Russia for Renault-Nissan (now allied with Mitsubishi Motors). The Group reinforced its successful storage and sequencing operations for tier-one automotive suppliers and OEMs in Halewood, UK. GEFCO also opened a second facility in Nitra, Slovakia, to service car equipment company Lear Corporation.
GEFCO rolled out solutions in France and Europe for Mecachrome, a global leader in the design, engineering, manufacturing and assembly of complex precision-engineered components for the aviation and automotive industries. GEFCO was chosen as the lead logistics provider (LLP) to design transportation flows in France and between France, Portugal and Morocco.
Since the beginning of 2018, GEFCO has accomplished more than 40,000 time critical missions have been accomplished for the automotive and other industries.
“Our expertise in integrated logistics allows us to develop solutions in line with our customers’ growing logistics requirements,” stated Emmanuel Arnaud, GEFCO’s Executive Vice President of Sales and Marketing. ”In the first half of 2018, we continued to diversify our customer base and geographies, achieving a significant increase in sales in Central Europe and the Middle East. GEFCO is on a positive track and we expect to expand our portfolio in North Africa by the end of the year.”
In January 2018, the Group successfully launched a new brand signature, “GEFCO. Partners, unlimited”, to engage all stakeholders in its commitment to building long-lasting relationships and creating value.
GEFCO is also paving the way for future growth by engaging with employees to generate new ideas and by building strategic external partnerships to further boost innovation. The Group launched GEFCO Innovation Factory to encourage intrapreneurship, and announced a partnership with Techstars, a world-leading accelerator, to collaborate with start-ups on innovative concepts that will help grow the business.
GEFCO pursues its strategy of investing in partnerships to support market growth. On July 3rd, the Group signed an agreement with Spanish car importer Bergé to merge the two companies’ Spanish finished vehicle businesses into a new market leader in Spain.
“GEFCO has a proven financial and external growth track record and we are well-placed to capitalize on selected growth opportunities” highlighted Luc Nadal Chairman of GEFCO’s Management Board. “Our strategic alliance with Bergé is a great example of how we can create value for our customers and all stakeholders through cooperation.”