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October 29, 2021

Gefco records H1 revenue up 25.6% to EUR2.2bn

Finished vehicle business grew significantly with automotive customers.

By Simon Warburton

Gefco has posted half-year revenue up 25.6% to EUR2.2bn (US$2.6bn).

“I’m very pleased with GEFCO’s H1 2021 financial results, which confirm the Group’s agility and the strength of our asset-light business model,” said Gefco chairman, Luc Nadal.

“We grew our finished vehicle business significantly with automotive customers, our Air & Sea division accelerated its portfolio with top industrial brands and we expanded warehousing activities for many customers in Europe and North Africa.

“Despite the challenging business environment, we have excellent forces for achieving our 2021 goals, with our global network, 70-year expertise in supply chain management and partners.”

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