Annual results 2023/24 : 

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 pursues 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. 

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 2023/24

About FM Logistic

FM Logistic’s ambition is to support the transition to sustainable omnichannel supply chains. Founded in 1967, the family-owned company is one of the leading players in logistics in France and abroad, with sales of 1.4 billion euros. FM Logistic puts its expertise in consumer goods logistics at the service of major manufacturers, distributors and e-commerce players. Its services cover the various stages of the supply chain: domestic and international transport, warehousing and inventory management, preparation and dispatch of e-commerce and store orders, co-packing, “control tower” services. The company is aiming for carbon neutrality for its warehousing activities by 2030, and is one of the best employers in its sector, as attested by Top Employers France certification for the 8th year running, as well as rankings from Forbes and Capital magazines. It employs over 27,200 people in Europe, Asia and Latin America.

For more information, please visit our website and our LinkedIn account.

Press contacts FM Logistic

FM Logistic France communication-france@fmlogistic.com – www.fmlogistic.fr

Ogilvy Paris