Strong H1 for French SME forwarder Clasquin

9/4/2017

French SME forwarder Clasquin has announced that “the robust sales and gross profit growth” it recorded in the first quarter gained further momentum in Q2.

While the recovery in global trade was reflected in market growth in ocean and air freight volumes of around 4% and 10%, respectively, the Lyon-based company said it had “outperformed the market 2-3 times, due to its capacity to acquire new clients”.

Clasquin’s first-half (H1) ocean freight volumes rose by 15.5% on the first six months last year to 79,105 TEU while those for air freight were up 25.3% to 29,249 tonnes. Growth in Q2 had been 18.6% and 24.5% respectively.

“Despite rising sea freight rates, the group was able to maintain virtually stable sea freight unit margins,” the company said. “Air freight unit margins correspond to the average observed in 2016.”

These results boosted group gross profit growth in the second quarter (Q2) (+9.5%) and generated overall H1 gross profit growth of 8.1% to €30.1 million on sales up 26.7% to €136.6 million.

Clasquin also provided an update on the deployment of its new Transport Management System (TMS), CargoWise One, which was “progressing according to plan”. Two pilot offices in Milan (April) and Hong Kong (June) now use the new system, which is now also being implemented at the company’s Chinese subsidiary.

Clasquin which has a network of 62 offices in 20 countries, across five continents, said it expected to record growth that was “significantly higher” than the market in the second half of 2017.