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 21 815 members of staff now based in 13 countries, FM Logistic has increased its turnover by 2.9% at constant rates this financial year, reaching 1,034 billion euros by 31 March 2016, and an operating profit of 30.6 million euros.
WAREHOUSING & HANDLING
“Faced with an unpredictable and aggressive context – crises in Ukraine, economical difficulties in Russia, terrorist attacks in Europe, political crises and severe weather damage in Latin America –, in 2015/2016, many of us were confronted with unprecedented human and natural violence. I would like to pay tribute to all of our staff members who have actively remained on course despite the problems.
Business dynamics and performance are supported by commercial success and the general improvement of our business activities. The result for the financial year however, is unsatisfactory. Our turnover and EBIT are lower in current euros. Following 10 consecutive quarters of improved performance, the last two quarters of the financial year declined. While our volumes increased by 8 to 10%, our turnover in current Euros decreased by 3% to 1.034 billion as a result of the foreign exchange market. Our operating result amounted to 30.6 million which is 3% of our turnover.
We anticipated the situation in large part, and this helped to limit the damage when the devaluation of the rouble greatly reduced our profitability in Russia. With sales objectives surpassed at 128% (165 million euros of new contracts), we made up for our losses here : France, Poland, Romania and China for example, performed well in 2015/2016, and despite intensified competition in all of our countries, FM Logistic also continued to gain market shares”.
Jean-Christophe MACHET, Chairman of FM Logistic's Executive Committee