The Romanian subsidiary of logistics supplier Gefco registered a turnover of EUR 42.3 million in 2012, down from EUR 43.3 million the previous year, the company has announced. Net profit was EUR 1.96 million or about 4.64 percent of the turnover.
While the beginning of 2012 was promising, in then last part of the year business slowed down, said Christophe De Korver, general manager of Gefco Romania.
The company says it managed to develop the local business by continuing the partnership with existing clients and getting some 28 new ones last year active in industries such as automotive, retail, plastics and FMCG but it has also witnessed reduced business from Gefco Group’s clients, especially in relation with Western Europe, added the GM. “The results reported by Gefco Romania in 2012 are satisfactory considering external factors which affect our business,” explained De Korver.
One of these factors was a 23.7 percent in car sales last year in Romania which in turn affected imports and volumes manufactured by local car-makers.
Despite this the company says it further developed its business last year and grew to 100 employees.
The logistics provider hopes that the launch of a series of new products last year such as a track & trace communication system for grupage and national distribution services, expansion into the white- goods and aero-spatial industries will bear fruit in 2013. This year the Gefco also wants to develop its presence in the Constanta port and other industrial regions in Romania and develop and expand overseas services and solutions for Russia and the Middle East.
Simona Bazavan