Damco, one of the world’s leading freight forwarding and logistics service providers today reports a 19 percent increase in net revenue compared to 2011. Net revenue in 2012 increased to 3,272 million USD, from 2,752 in 2011. Gross profit saw a rise of 7 percent to 807 million USD in 2012.
“I am satisfied about our solid results for 2012”, comments Rolf Habben-Jansen, CEO of Damco.
“We continue to grow and develop our business, in spite of continued difficult market conditions. I am particularly pleased that we have taken full advantage of our acquisition of NTS, and that all of our products continue to grow organically faster than the market. In addition to that we have made a number of strategic changes and invested a lot in the future – which masks the underlying trading of our business which is better than the pure numbers show, and that also gives us a lot of confidence going into 2013. This stems from a lot of hard work from everybody across our network”, he adds.
Airfreight tonnage almost doubled, recording a growth over last year of 91 percent. The rapid growth in airfreight was partly due to the full year effect of the acquisition of NTS (a China-based freight forwarder) in August 2011, but also excluding that effect Damco’s growth in Airfreight was well into double digit percentages.