Gefco has generated a turnover of EUR 2.262 billion in H1/2017, 1.9% more than in H1/2016. Earnings before interest and tax etc (ebitda) leapt to EUR 114.8 million, an increase of 25.8%.
The firm, 75% owned by Russian Railways and 25% by French carmaker PSA Citroen, said that growth was primarily driven by the recovery of Europe’s car market, the continent’s stronger economy and the consistent targeted expansion of Gefco’s global customer portfolio.
With 65 years' car industry experience, Gefco is currently the logistics partner for several manufacturers and suppliers, and manager of their complex supply chains. The extension of the collaboration with Volkswagen in Argentina, as well as the new contracts with BMW in the UK and Auto 1, an online platform for used car sales in Central Europe, underscore Gefco’s ambitions.