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H1 2011 consolidated revenue advances 21.9%
Organic growth trend continues apace (+6.6%)
• Transport and logistics businesses report strong organic and external revenue growth.
• Freight forwarding starts to achieve significant market size as a result of the Schneider Logistics and TDG acquisitions.
• Agreement signed to acquire APC Beijing International, a Chinese freight forwarding company with full-year revenue of some €50m.
• Interim earnings are strong, with operating margin up on the historical scope of consolidation.
• Christian Salvesen assets in the UK are sold in line with Norbert Dentressangle’s sale and leaseback strategy for warehouses.
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