Industrial and automotive logistics provider, Gefco, has posted first-half turnover up 3.5% to EUR2.2bn (US$2.5bn).

"These positive results for the first half of 2016 reflect Gefco's ability to increase its competitiveness while delivering logistics solutions for its customers, even in an unstable economic environment," said Gefco chairman, Luc Nadal.

The increase was driven mainly by freight forwarding activity following the acquisition of IJS Global at the end of 2015, as well as by market recovery of the European car market and growth among large industrial customers.

In particular, growth was generated in Western Europe, Maghreb countries and Central and Eastern Europe.

EBITDA for the first six months of the year was EUR91.3m, an increase of 27.5% compared to 2015's first half.

Gefco operates worldwide to manage and optimise supply chains, with new contracts signed with Fiat in Brazil for the transport of spare parts, as well as SNOP, equipment manufacturer for 4PL services in France and with the Dongfeng Liuzhou manufacturer for storage services in China.

This year, Gefco finalised the acquisition of Dutch freight-forwarding company, IJS Global. Present in 16 countries, the company has strengthened Gefco's presence and offering in major geographic areas for the freight forwarding activity, such as China and South-East Asia, Australia, New Zealand, as well as the US.

This geographical expansion has extended the number of subsidiaries to 44.

"This first 2016 semester represents a significant rebound in GEFCO profitability," added Nadal.

"They show Gefco's capacity to create value for our customers and partners, even in challenging environments".

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