GEFCO is 100% owned by “PSA Group (Peugeot & Citroen)” in France, which does not only provide the in-house carrier supported to PSA Group, but also comment for some international freight forwarding & logistics services for our clients in the world.
Despite the unfavourable economic climate, the Group GEFCO reported turnover of EUR 3.2 billion, an increase of 8% on 2005. Operating profit represented 4.7% of turnover, down 0.1%. Gains in productivity only partially compensated for the strong rise in transport costs resulting from the latest oil shock.
GEFCO achieved 40% of its international growth in countries where it has recently started business operations. Turnover rose 94% in China, 83% in central and eastern Europe, and 34% in Latin America.
Turnover with industrial customers – excluding PSA Peugeot Citroën – increased by nearly 10% in 2006 to EUR 1,272 million. Growth outside Europe increased by 60%.
The reputation and image survey conducted externally in 2006 with some 600 of Europe\'s leading manufacturers rates GEFCO among the top five best-known service providers.
In 2007, GEFCO is continuing to roll out its growth strategy based on integrated logistics for industry, and on international expansion.
