Daily Archives: December 10, 2013

Interim Financial Report Q3 2013

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We have released our financial report for the period 1 January – 30 September 2013

Jens Bjorn Andersen, CEO: “The markets of DSV are still characterised by low growth and fierce competition. DSV is on the right track and is gaining market share in most markets, and we are making strong headway within sea freight in particular. The reported operating profit for Q3 is in line with last year and our cash flow also shows positive development. Under the circumstances we are satisfied with this performance, however it is obvious that DSV’s goal is to deliver earnings growth.”

DSV maintains its full-year outlook for 2013 previously announced.

DSV to handle logistics for BoConcept in USA

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We have been awarded a long-term contract to operate the warehousing and distribution activities for the Danish furniture manufacturer BoConcept.

Initially run from the DSV facility in Fontana, California, there are advanced plans to expand the operation with two additional warehouses. DSV will be responsible for the entire inbound handling, storage, order management and subsequent distribution management of BoConcept products throughout the US.

BoConcept is a long-standing DSV customer and already a customer for warehousing and distribution services in Shanghai, China.

The historical relationship we have with DSV is founded on trust, competences, affordability in the operation, and equally important, the ability to deliver the right product, to the right customer, at the right time, defect free. We hope to continue our prosperous collaboration for many years to come.

Carsten N. Pedersen, President of BoConcept USA Inc.

“We are delighted to be awarded this contract. Our in-depth knowledge on BoConcept’s business puts us in an excellent position to facilitate their growth in the US market. Vice versa BoConcept enables us to further realise our expansion strategy for the US-market” Meinderdjan Botman, Vice President Global Business Development at DSV comments.

About BoConcept

BoConcept A/S was established in 1952 and is today an international retail-oriented concept holder with a coordinated product range comprising design furniture and lifestyle products for private homes.

APC OVERNIGHT APPOINTS NEW CEO

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APC Overnight, the UK’s largest privately owned next day parcel delivery firm, has appointed Karl Brown as its new Chief Executive Officer.

Karl, who is from Doncaster, has been on the APC Overnight board of directors since 2011, having initially joined the network in 1998, when he founded his same day parcel delivery business, Direct Logistics, in Goole, Yorkshire.

Boasting a wealth of experience in the transport and logistics industry having joined the RAF’s transport department upon leaving school, Karl has since grown his business through the acquisitions of two branches of Express Logistics – in Nottingham and Stockport. Karl now oversees a business with a turnover in excess of £8.5 million.

Chairman of APC Overnight, Quentin Abel, said;“The appointment of Karl as CEO allows APC Overnight to continue the success and rapid growth experienced over recent years. Karl not only brings a wealth of industry experience to this role, but also allows us to maintain continuity, having been a part of the network for 15 years, and part of our board of directors for the last two years. This is extremely important as we approach our peak period.

“This year has arguably been the biggest in our company’s history, having seen the unveiling of our new £16.5 million national sortation centre, plus a host of award wins. What is important now is that we don’t stand still, Karl’s appointment is an exciting one for our business.

Karl Brown, the new Chief Executive Officer at APC Overnight commented: “It is real honour to take up my new position at a time when the business has been performing so well. Some extremely high standards have been set by our business over recent years, and I wish to ensure this level of ambition is something we continue to maintain.

“Whilst I hope to bring new strategic direction to the APC Overnight network in order for our growth to continue, I am keen to ensure this is done in a measured and sustainable manner. By focusing on the delivery of high service levels for our customers and the support of each and every one of our depots, I have no doubt we will be able to bring more success to the business.

Karl’s predecessor, Syed Ziaullah, has taken the decision to step down from the CEO position for personal reasons.

COURIER FIRM URGES DRIVERS TO STAY SAFE THIS WINTER

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With last winter being the UK’s coldest for 100 years and the expectation that this year could be even chillier, APC Overnight, the UK’s largest independent parcel network, has issued a set of driving tips to keep motorists safe on the roads this winter.

As forecasters continue to predict the coldest winter on record, the delivery company has taken the decision to issue seasonal driving tips.

The tips are usually given to the firm’s delivery drivers to ensure packages are delivered safely and on-time in the run up to the busy Christmas season.

Surjit Ram, APC Overnight Transport Manager said:“With winter conditions getting increasingly worse in recent years we’ve decided to make our winter driving tips available to everyone to help keep drivers safe on the road.

“Whether you are commuting to work, or travelling to visit distant relatives over the Christmas period, the country’s winter conditions have the potential to add serious delays to your journey, not to mention putting your safety at risk.

“As the nights draw in and temperatures drop, motorists should take the opportunity to put their vehicles through a winter service, as well as checking antifreeze, coolant, and battery levels. Visibility is often the key to safety, so it is always a good idea to replace wiper blades before the seasonal onslaught of rain and snow.

“Winter tyres should be considered. It’s also worth keeping stock of emergency amenities, ranging from grit and a shovel, to bottled water and an in-car phone charger.

“Finally, it’s important to make sure there is a spare tyre, the correct locking wheel nuts and a jack on-board, particularly if the tyre has been recently changed.

APC Overnight’s winter driving tips at a glance

  • Service the vehicle and check antifreeze, battery, and coolant levels.
  • Replace wiper blades.
  • Consider changing to winter tyres.
  • Ensure the vehicle is equipped with a spare tyre, warning triangle, jack, torch, and high visibility jacket.
  • Keep a stock of additional emergency items such as a small bag of grit or road salt, a shovel, antifreeze, blanket, water, and an in-car phone charger.

Blue Dart Sales at Rs. 471.02 crore

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Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics company, today declared its financial results for the quarter ended September 30, 2013, at its Board Meeting held in Mumbai.

Net Sales/Income from operations for the quarter ended September 30, 2013 stood at Rs. 471.02 crore, an increase of 12.87% over the corresponding quarter of the previous financial year. The company posted Rs. 30.06 crore profit after tax for the quarter ended September 30, 2013.

The Board of Directors at its Meeting held today also approved a scheme of arrangement (“Scheme”) for issue of Unsecured, Redeemable, Non-convertible fully paid Debentures of Rs. 10 each, by way of Bonus, out of Surplus in the Statement of Profit and Loss to reward the shareholders in the 30th year of its operations. The Scheme is subject to approval from the Hon’ble High Court of Judicature at Bombay, shareholders and creditors of the Company, Reserve Bank of India, Stock Exchanges and other authorities.

The Scheme entails issue and allotment of 7 (seven) Debentures under Series I Debentures redeemable at the end of 36 months from the date of allotment, 4 (four) Debentures under Series II Debentures redeemable at the end of 48 months from the date of allotment and 3 (three) Debentures under Series III Debentures redeemable at the end of 60 months from the date of allotment for every 1 (one) equity share of the Company held by the Shareholders on the Record date to be fixed for this purpose. The aggregate value of the Debentures that will be issued will be up to a maximum of Rs.332.20 crore (Rupees Three Hundred and Thirty Two Crore and Twenty Lacs Only).

The Debentures will carry a coupon rate payable annually, that will be determined by the Board of Directors of the Company. The Company intends to list the Debentures on BSE Limited and/or National Stock Exchange of India Limited.

Anil Khanna, Managing Director, Blue Dart Express Limited said, “In tough times like these when the industry is grappling to cope with the current economic scenario and the slow GDP growth, we have worked as one team with determination to overcome the challenges and have kept up to our commitment to service excellence.

We are delighted to serve in “Blue Dart Country” with a business and human conscience to remain the Provider, Investment and Employer of Choice. We will continue to focus on product innovation, customer centricity, deliver world-class service quality and maintain our reliability quotient”.

He further added, “Recently Blue Dart has been the proud recipient of a host of prestigious recognitions this year including the ‘Cost Management Excellence Award’, ‘Reader’s Digest Most Trusted Award – Platinum’ and one of ‘India’s Best Companies To Work’ (Rank 10). These awards are a validation of our customer centricity, People First philosophy and commitment to Blue Dart Country.”

About Blue Dart:

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 33,745 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include SUPERBRAND and ‘Reader’s Digest Most Trusted Brand Gold Award’ 7 years in a row, one of ‘India’s Best Companies to Work For’ by The Great Place to Work Institute four time in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).