Revenue per sector
- CONSUMER GOODS
- PERFUME & COSMETICS
FM Logistic hits the billion euro mark in revenue.
Driving the transformation of the FM Logistic group forward
FM Logistic has chosen to enter an in-depth transformation phase that will allow it to meet the objectives of the Ambition 2022 plan.
Since its creation in 1967, FM Logistic has become one of the international leaders in the different fields of supply chain management. As an independent group, it is recognised as being expert in the consumer goods, retail, perfume/cosmetics, industrial and health markets.
With 23,300 members of staff now based in 13 countries, FM Logistic reached 1.075 billion euros in revenue at 31 March 2017, an increase of 4.2% on the previous financial year at constant rates and a net income of €12.6M, up by 72.6%.
WAREHOUSING & HANDLING
“After two years of consolidation, we are stronger than ever. Our revenue stands at 1.075 billion euros, up by 4.2 % on the previous financial year. We have exceeded our budget in terms of income, with an EBIT of 31 million euros, an increase of 29.5 %. This high performance has been achieved despite a highly competitive context in which customers constantly demand lower prices.
The world economy is sluggish, and crisis continue in Russia, Ukraine and Brazil. We are also struggling with a labour shortage in Central Europe which is pushing salary costs up by 8 to 13 % depending on the country. It is true that in this unfavourable economic climate, our operating profit is slightly lower than forecast, but our income constitutes a real operating and sales accomplishment.”
Jean-Christophe MACHET, CEO of FM Logistic