Gefco says it generated a turnover of EUR4.2bn (US$4.7bn) billion last year, up 3% compared to 2014.

“Gefco achieved good results in 2015 in an unsteady global economic context and succeeded in further enhancing its position of global logistics solutions provider,” said Gefco chairman, Luc Nadal.

“The Group expanded its international footprint by opening new countries and acquiring the Dutch company IJS Global, whilst broadening its offering in freight forwarding and customer portfolio.”

EBITDA is lower than in the previous year (-18%), with Gefco citing a decline in oil prices and the economic crisis hitting countries such as Russia and Brazil.

Created in 1949 to meet the logistical challenges of the automotive industry, Gefco partners with main car makers and automotive suppliers in the world to manage their supply chains.

The collaboration with Dacia for example has led to 600,000 vehicles delivered in ten years, while the logistics provider has also signed a seven-year contract with PSA Peugeot Citroën to manage its car compound in France.

In addition to its agreement with General Motors started in 2012, the Group enlarged its portfolio in 2015 with a contract with Ferronordic Machines for managing multimodal flows across Russia for heavy and oversized machineries of Volvo Construction Equipment.

Gefco opened four new subsidiaries in Serbia, Greece, Vietnam and South Korea, with the latter’s Busan port being the 10th largest in terms of cargo traffic.

“2015 was definitely a new milestone in Gefco expansion and globalisation to better support our customers facing increasingly complex logistics challenges,” added Nadal.

“Our Group’s mission is to help them transforming their logistics chains into value chains, now and in the long-term.”

PSA sold 75% of its stake in Gefco to Russian Railways (RZD) in 2013 for EUR800m.