Analysis: Turbocharged GXO defies law of gravity
Floating on air
Photo 130710076 © Andrii Yalanskyi | Dreamstime.com
It’s pure-play contract logistics operator-corner!
A quick snapshot on two of the smaller PPCLOs – FM Logistic and Wincanton – which yesterday issued new financial updates showing solid revenue growth offset by rising costs.
First up, France’s FM Logistic, which released its 2021 annual report that showed a 10.1% growth in revenues to €1.5bn, while EBIT, which came under “severe pressure”, declined 13.7% to €31.5m.
CEO Jean-Christophe Machet explained: “Our EBIT for the year fell short of target.
“The two main reasons are the ...
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