Turnover distribution by sector
- PERFUME & COSMETICS
- CONSUMER GOODS
FM Logistic hits the billion euro mark in revenue.
Driving the transformation of the FM Logistic group forward
FM Logistic has chosen to enter an in-depth transformation phase that will allow it to meet the objectives of the Ambition 2022 plan.
Since its creation in 1967, FM Logistic has become one of the international leaders in the different fields of supply chain management. As an independent group, it is recognised as being expert in the consumer goods, retail, perfume/cosmetics, industrial and health markets.
With 26,200 members of staff now based in 14 countries, FM Logistic reached 1.178 billion euros in revenue at 31 March 2018.
"In relation to our strategic goals, our end of year operating profit figures are perfectly in line with our “Ambition 2022” plan. This shows that we are in control of our development despite an heterogeneous international environment.
We have to deal with volatile currencies just like everyone else in the market, especially in Russia from October 2014. Although our operational income was good and highlighted the strength of our business activities and improved performance, the adverse developments in the exchange rate impacted this success. A currency conversion at the March 2014 closing rate would increase the Group's turnover by 82 M€ to 1 148 M€ and net profit would rise by 7.3 M€.
It is a monetary illusion masking our real performance which will disappear as soon as currency rates improve again."
Jean-Christophe MACHET, Chairman of FM Logistic's Executive Committee