French contract logistics specialist FM Logistic today reported an 11.8% increase in annual revenues, on the back of growing demand for e-commerce and omni-channel supply chain solutions.
The privately held company said revenue grew to €1.3bn ($1.45bn), while earnings before interest and tax (ebit) increased 32%, to €35.1m, as a result of growing volumes for existing customers.
Chief executive Jean-Christophe Machet said: “Revenue growth was exclusively organic, a sign of customer confidence, …

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Source: The Loadstar