Gefco expects stagnation this year

The Romanian branch of French group Gefco, Peugeot-Citroën’s transport division, seeks to obtain similar results in 2009 as in 2008, when its turnover reached 24.5 million euros. “We were planning to see a 30% rise last year, after doubling our business. Now we expect a stagnation, with new clients helping us to preserve our business,” said Denis Renard, general manager of Gefco Romania. In terms of operating profit, Renard expects a similar level to last few years, of 15 million euros. Gefco’s newest clients include automotive components manufacturer Fextronics, which owns a plant in Timisoara and Schneider, a company specialised in electrical distribution equipment and industrial control. Gefco’s operations focus on providing transport services for companies in the automotive sector – both local vehicle dealers such as Peugeot and Citroën, and companies such as Dacia, Delphy, Thyssenkrupp and Inergy Automotive.