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Third quarter 2012 year-to-date revenues of €2,901 million up 10% from €2,640 million (published data) in 2011, boosted by 2011 acquisitions
Volumes stable at constant exchange rates and consolidation despite a depressed market
Tight cost control
Heads of agreement signed to purchase some logistics and freight forwarding assets from Belgian-based Nova Natie
Sale of the Dagenham site (UK) and acquisition of the John Keells Group freight forwarding business in Sri Lanka and India.