Norbert Dentressangle SA - 1st Quarter Results

Wednesday 22 April 2015


                Norbert Dentressangle

                Q1 2015 revenues up 20.7% to €1.3 billion

  * Sharp increase in business volumes in Q1 2015, with revenues up 20.7%,
    +1.7% like for like, to €1.3 billion from €1,078 million in Q1 2014,
    primarily due to the full-year impact of the acquisition of US-based
    Jacobson.

  * Sharp increase in Logistics revenues, up 30.3% to €680 million

  * Transport revenues up 12.2% to €592 million

  * Air & Sea revenues up 4.7% to €50 million

Hervé Montjotin, CEO, made the following comments on the Group'sperformance in
the first quarter of 2015: "Sales figures for the first quarter of 2015 show
that the new international scale of Norbert Dentressangle is driving the growth
momentum across all its businesses, of Logistics, Transport and Air & Sea. The
operating performances recorded over the quarter have strengthened our
confidence in the outlook for 2015."

Revenues                 Q1 2015      Q1 2014      Change      Like-for-like
€m                                                                 change

Logistics                  680          522        +30.3%          +3.6%

Transport                  592          527        +12.2%          -0.1%

Air & Sea                   50           48         +4.7%          +0.8%

Inter-division             (22)         (20)         n/a            n/a

Consolidated Total        1,300        1,078       +20.7%          +1.7%


Revenues per region      Q1 2015      Q12014      Change      Like-for-like
€m                                                                change

France                     429          422        +1.7%          +0.1%

United Kingdom             353          311       +13.6%          +1.7%

United States              170           5          n/a            n/a

Spain                      141          135        +4.5%          +4.5%

Other countries            208          206        +1.3%          +3.5%

Norbert Dentressangle's consolidated revenues amounted to €1.3 billion in the
first quarter of 2015, up 20.7% compared to the same period last year.
Like-for-like growth was +1.7%. There was a currency impact of +3.5%.

Revenues generated outside France accounted for 67% of total Group revenues for
the first quarter. The United Kingdom, the second largest country, accounted
for 27% of total sales. Following the Jacobson acquisition, the United States
accounted for 13% of total sales, while Spain maintained its momentum and
contributed 11% of total revenues.

Performance by division

The Logistics Division maintained its growth momentum in the first quarter of
2015 with revenues of €680 million, up 30.3% based on reported data and up 3.6%
on a like-for-like basis.

The Transport Division posted revenues of €592 million, up 12.2% based on
reported data and down -0.1% like for like. The price-volume effect on
quarterly revenues amounted to +3.2% demonstrating a positive momentum of
Transport activities, although revenues were affected (-2.7%) by the sharp fall
in oil prices, which is passed on in the price of our transport services.

Air & Sea generated revenues of €50 million in the first quarter of 2015, up
4.7% based on reported data and up 0.8% like for like, thus confirming the
strength of this growing business activity.

The first quarter's profit margins increased Norbert Dentressangle's confidence
in the outlook for 2015.

Upcoming dates

  * The General Meeting of Shareholders will be held at 5.30 pm on 21 May 2015
    at the Hôtel Sofitel, 20 quai Docteur Gailleton, 69002 Lyon. Shareholders
    wishing to attend the General Meeting are required to submit a request to
    their financial advisor within the statutory timeframe.

  * 2015 first half results: 30 July 2015 (after market close)

About Norbert Dentressangle

Norbert Dentressangle is an international player in logistics, transport and
air & sea freight with 42,500 staff and a presence in 25 countries. At 31
December 2014, its revenue was €4,669 billion, including 64% generated outside
France. Norbert Dentressangle develops high added value solutions in its three
sectors of activity on the European, American, African and Asian continents and
places sustainable development at the core of its business. Included in the CAC
Small and CAC All Tradable indices, Norbert Dentressangle is run by a
Management Board chaired by Hervé Montjotin.

Euronext Paris (catégorie A) / Euronext London, Code GND - Isin FR0000052870

www.norbert-dentressangle.com

Key contacts

Norbert Dentressangle                      DGM Conseil

Communications Senior Vice-President       Media Relations

Thierry LEDUC - Tel: [phone]    Olivier Labesse - Tel: [phone]
Email:
[e-mail]    Email: [e-mail]

Head of Corporate Affairs                  Thomas de Climens - Tel: [phone]
Clémence CHOUTET - Tel: [phone]
                                           Email:
Email:                                     [e-mail]
[e-mail]
                                           Hugues Schmitt - Tel: [phone]

                                           Email: [e-mail]