News / GEFCO clocks up 25% rise in EBITDA as European car market picks up

Automotive logistics specialist GEFCO has reported a 25.8% year-on-year increase in EBITDA for the first half of the year, following a recovery in the European car market and a round of cost-saving initiatives.

The firm, 75% owned by Russian Railways and 25% by French carmaker PSA Citroen, saw revenue for the period increase marginally – it grew 1.9% to reach €2.262bn, while EBITDA clocked in at €114.8m, compared with the €91.3m posted in the first six months of 2016.

The interim results follow a ...