Independent journal on economy and transport policy
13:41 GMT+1
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In the first quarter of 2020, revenues from logistics group GEFCO decreased by -10%
The recurring operating result is stable
June 12, 2020
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In the first quarter of 2020, revenues from the GEFCO logistics group amounted to EUR 1.11 billion, a decrease of -10% on same period as last year due to - explained the company French - of the negative impact on the business volume of the pandemic Covid-19 and the stoppage measures adopted to contain the contagion. GEFCO has disclosed that the revenues generated services for the French PSA automotive group, which is shareholder of the logistics company of which it owns about 25% of the capital and its historical client, and for other customers of the same down by -10%, while revenues in the segments of the market finished vehicle and Overland and Contract Logistics logistics fell by -11% and -9.7% respectively, and revenues in the air and sea shipments increased by 3.8%. In addition GEFCO pointed out that the recurring operating result similar to the first three months of 2019.
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In the first quarter of 2020, revenues from the GEFCO logistics group amounted to EUR 1.11 billion, a decrease of -10% on same period as last year due to - explained the company French - of the negative impact on the business volume of the pandemic Covid-19 and the stoppage measures adopted to contain the contagion. GEFCO has disclosed that the revenues generated services for the French PSA automotive group, which is shareholder of the logistics company of which it owns about 25% of the capital and its historical client, and for other customers of the same down by -10%, while revenues in the segments of the market finished vehicle and Overland and Contract Logistics logistics fell by -11% and -9.7% respectively, and revenues in the air and sea shipments increased by 3.8%. In addition GEFCO pointed out that the recurring operating result similar to the first three months of 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
