1994 - 2014:
• market price 10 times higher
• dual Euronext listing on Paris and London (since 2013)
• a clear strategic vision and sound financial management has enabled
Norbert Dentressangle to become a leading international player in supply chain management.
Hervé Montjotin, Chairman of the Management Board, rang the stock market closing bell in Paris at 5.30 p.m. (CET) yesterday, at a ceremony to mark 20 years of Euronext listing for Norbert Dentressangle. A genuine success story that played its part in the continuous development of the French group, now operating on a global scale.
Twenty years ago, on 9 June 1994, Norbert Dentressangle was floated with an initial listing at €10.87, with a turnover of 2.2 billion francs – around €330 million. At the time, the company founded by Norbert Dentressangle in the Drôme region of France in 1979, was present in five countries and employed 3,600 people.
Although the leading French operator in logistics, transport and air & sea freight is still a family business, its ambition and successes have naturally led to it taking its place amongst the world leaders in supply chain management, combining continuous organic growth with strategic acquisitions. The latest of these, the €560 million acquisition of the US company Jacobson, completed on 29 August 2014, begins a new key phase, with the United States becoming the group's third-largest market and the logistics business accounting for more than 50% of turnover. With 43,200 employees spread over 25 countries and an annual turnover of around €5 billion, more than 60% generated outside France, Norbert Dentressangle is today a major French-owned international group.
The significant growth of Norbert Dentressangle over the last 20 years has allowed the group to exceed the strategic ambitions set out in 1994, by extending its expertise to air and sea freight and successfully reaching beyond Europe to become the top transporter and a leading logistics operator in Europe. Major investments have been made in information systems, while service quality, environmental performance and security have been seen as priorities. The group has endeavoured constantly to raise the level of service provision to its customers, making flow management a key factor in operational performance and competitiveness.
During this rapid growth, the group has always demonstrated its sound financial management, with the value created by the group's activities translating into value for its shareholders.
With market capitalisation now 10 times higher than in 1994, Norbert Dentressangle continues to maintain sustained growth.
The 1994 listing in Paris increased the group's investment capacity in the transport and logistics’ sector. In 2013, the dual listing on Euronext London helped to emphasize the significant contribution of its activities in the United Kingdom and gain greater visibility amongst a wider circle of investors.
This financial performance reflects the group's economic and social performance, the soundness of its economic model and its business culture.
In marking this anniversary, Hervé Montjotin proudly commented: "Celebrating our 20th year of being listed when we have just finalised our first major acquisition in the United States is, in our view, absolutely symbolic of an ambitious growth path. It represents a further key stage in our development strategy."
11 September 2014, at the closing of the Paris stock exchange, Norbert Dentressangle shares were quoted at €113, a rise of 1.99%.
The video of the ceremony is available on the Euronext website at the following address: https://www.euronext.com/fr/listview/bell-ceremonies-paris