Annual reports

Annual results 2023/24

FM Logistic has publihed its annual report for the fiscal year 23/24.

On August 5, 2024

FM Logistic Group confirms its strategic objectives and continues its efforts to achieve sustainable operational excellence.

1,729 million in Group revenues, up 11% on 2022/23 at constant exchange rates and scope of consolidation;

50.8 million in EBIT, an increase of 40% on the previous year;

-50% reduction in CO2 emissions over the past 5 years.

16th July 2024 – FM Logistic, a leading actor in the logistics and transport sector, today published its financial results for the 2023/24 financial year, ending March 31, 2024. All audited results are available in the annual report. At the end of this fiscal year, the family-owned, independent, international Group announces sales of €1,729 million, up 11% (at constant exchange rates and scope of consolidation) on the previous year. These encouraging results confirm the Group’s strategic focus on operational efficiency and sustainability, in line with its “Powering 2030” roadmap. It is the combination of solid, streamlined governance, rigorous financial management and the efforts of our teams that have enabled the company and its 28,000 employees to adapt to the challenges of the market.

FM Logistic pususe its strategic roadmap in the service of high standards and customer satisfaction

FM Logistic has delivered a solid performance for the 2023/24 financial year, driven in particular by a final quarter of sustained improvement, exceeding forecasts. The company maintained its performance momentum, with EBIT of €50.8 million and a solid cash position of €183 million.

This success stems from the company’s determination to significantly transform its organization in response to changing industry expectations and new business requirements.

The roadmap shared in 2023, focused on operational excellence, service transformation and the exploration of new territories, is already successful, as demonstrated by the significant improvement in the Group’s NPS, the indicator used to measure customer satisfaction, which jumped from 26 to 53. This is also a positive sign internally, with employee satisfaction reaching 90% (Pulse 2024 survey).

If the current geopolitical situation requires us to be extremely cautious about the economic future, we can nonetheless be proud of the projects we have accomplished. FM Logistic has not lost any ground and maintains its position as a key player in the industry, thanks to the confidence of our customers and the commitment of the teams who work daily to ensure our company’s success. The strength of our balance sheet is a positive sign for the Group’s future development, emphasizes Jean-Christophe Machet, CEO of FM Logistic.

Optimistic results in Central Europe

The growth of FM Logistic’s business in Central Europe was largely ensured in the past financial year by the e-commerce operations provided for the operator’s new and existing customers and the development of the groupage network. Another step towards warehouse automation was also taken. AutoStore technology was implemented for one of its customers on a logistics platform located in Lovosice, Czech Republic. This is an automated storage and retrieval system for small products, supporting the fulfilment of e-commerce orders.

In order to meet the objectives of the “Powering 2030” strategic plan, sustainable development activities were intensified. FM Logistic CE, together with its business partners, has started to test transport fulfilment using electric trucks.

FM Logistic speeds up its sustainable commitments, an essential lever for Group performance

At a time when the “ever faster” principle proposed by economic players and desired by consumers is no longer compatible with the challenges of preserving planetary resources, FM Logistic is strengthening its commitment to sustainability.

Convinced that logistics represents the link between industry and consumers, since 2021 FM Logistic has been stepping up its energy-saving initiatives as part of its Powering 2030 plan. Today, all decisions are taken under the prism of the deployment of omnichannel and sustainable supply chains, vectors of well-being at work and which encourage more responsible consumption. This year, FM Logistic launched a new sustainable development strategy based on 3 pillars: acting for its employees, acting for the planet, acting with its partners. By 2024, FM Logistic will have halved its warehousing emissions in five years, and achieved a 90% employee satisfaction rate.

There’s no easy solution: it’s the complementarity of actions and best practices, implemented collectively across the industry, that will enable us to achieve our sustainability objectives. At FM Logistic, we believe that slow logistic can only offer virtuous dynamics for the economy, for our customers and for our employees, emphasizes Jean-Christophe Machet.

In view of the solid performance recorded in 2023/24, FM Logistic looks forward to the coming year with confidence. The Group is pursuing its commitment to a sustainable, omnichannel supply chain, with the aim of achieving average annual sales growth of 10% by 2030.

ANNUAL REPORT 2023 / 2024