Dentressangle announces Christian Salvesen recovery plan

Source: Supply Chain Digital

Date :03/09/2008 09:04:46

Norbert Dentressangle Group says it is on target to bring its Christian Salvesen UK transport business back to profitability.

Speaking on the announcement of Dentressangle’s half year results, Hervé Montjotin, Executive Vice President responsible for the group’s transport division, said it had put in place a recovery plan involving a number of measures.

It has announced plans to redesign the network which involves closing three depots and that is expected to be completed by the end of October.

In addition, said Montjotin, it is implementing Dentressangle’s systems within the business to improve operating efficiencies. It is working on measures to reduce fuel consumption as well as cutting overheads and increasing driver productivity.

Even with the current economic downturn, the business should be back to break-even by the end of 2009, he said.

Overall, the group reported sales up seven percent on a like for like basis while operation income rose 16 percent on a like-for-like basis; total sales rose to €1.6 billion.