The Logistics International division of IMPERIAL Holdings Limited completed the 2014/2015 business year, which ended on 30 June 2015,with a slight increase in profits. Earnings before interest and taxes (EBIT) rose by almost two percent from EUR 69 to EUR 70 million. In comparison with the previous year, turnover rose by one percent from EUR 1.37 to EUR 1.39 million with a constant operating margin of five percent.
"Despite the solid profits,we believe that this confirms our strategy of streamlining our overall corporate structure and adopting a more customer-oriented position in the market place using the corporate IMPERIAL Logistics International brand. This will form the basis for greater organic growth in future,"says Carsten Taucke,CEO at IMPERIAL Logistics International B.V. & Co. KG, commenting on the figures.
With turnover amounting to EUR 1.39 million, IMPERIAL Logistics International contributed 17 percent to the total sales of the South African parent company, IMPERIAL Holdings Limited. In terms of earnings before interest and taxes (EBIT), the contribution from IMPERIAL Logistics International to the operating profits of the complete Group was 15 percent (EUR 70 million).
The overall IMPERIAL Holdings Limited Group finished the business year with turnover amounting to an equivalent of EUR 8.15 billion. This represents an increase of seven percent in comparison with the previous year. The Group was able to increase its profits before interest and taxes by one percent to an equivalent figure of EUR 460 million.
IMPERIAL Logistics in Africa contributed 22 percent to the Group's turnover and 25 percent to the Group's pre-tax profits. The complete logistics sales at IMPERIAL Holdings Limited (IMPERIAL Logistics International and IMPERIAL Logistics in Africa taken together) amounted to the equivalent of EUR 3.26 billion and the earnings before interest and taxes (EBIT) totalled EUR 187 million. The logistics sector forms the central pillar of the South African Group's business with a total share of 39 percent of sales at IMPERIAL Holdings Limited.
In addition to its logistics business, the South African parent company operates in the Vehicle Import, Distribution and Dealership,Vehicle Retail, Rental, Aftermarket Parts and Financial Services business fields.
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