Home / Knowledge / News / Damco reports 6% rise in Q1 sales
Damco reports 6% rise in Q1 sales
24
May '13
Damco, one of the world’s leading freight forwarding and logistics service providers, reports a 6% increase in Quarter 1 net revenue with a total of 773 million USD, compared to 728 million USD in 2012. EBIT ended up at 9 million USD for the first quarter, compared to 13 million USD in 2012.

Airfreight volumes showed rapid growth of 15% over 2012 which was well ahead of the market, enhanced by the acquisition in last quarter of 2012 of Pacific Network Global Logistics (PacNet). Q1 2013 Ocean freight volumes were up only slightly compared to the same period last year, at a modest growth rate of 1%.

Supply Chain Management volume growth accelerated further in Q1 2013 with 10% growth versus the same period last year, mainly driven by the impact of new customers and a strong pre-Chinese New Year uptake in volumes.

“Overall our performance in Q1 has been satisfactory, with solid growth in most products and underlying trading only slightly below 2012. In Q1 we made significant investments to adjust our business model - in light of the changing market – to make it more scalable and to enable further growth and profit improvement in the years to come.

"We will continue to make investments in the upcoming quarters, even if that will impact our reported results. This quarter we also completed the headquarters’ relocation, have made very good progress in rolling out our new Unity global IT platform and have successfully integrated the PacNet acquisition’’, comments Rolf Habben-Jansen, CEO of Damco.

He adds:

“In 2013 we will be taking some important steps forward in simplifying our business and further raising the efficiency of our operations. We are also planning to invest in growing our geographical footprint as we would like to be there where our customers need us to be in the future, which will mean expanding our network from around 350 to 600 offices over the next three years.”

Damco


Must ReadView All

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Brandix signs JV with Best Pacific of Hong Kong

Textiles | On 21st Nov 2017

Brandix signs JV with Best Pacific of Hong Kong

In a joint venture (JV) with the global synthetic materials...

CAI estimates 2017-18 cotton crop at 375 lakh bales

Textiles | On 21st Nov 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

In its first estimate of the cotton crop for the 2017-18 season...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search