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14<br />
ANNUAL REPORT <strong>2008</strong><br />
THE LOGISTICS UNIT<br />
Given these conditions, the Group reorganised operations<br />
in order to protect its interests, enabling it to post results<br />
in line with expectations and to maintain the appeal of a<br />
market positioning offering massification solutions to<br />
industry players.<br />
In 2009, the search for new customer/product pairs<br />
should offset the decline in volume seen in <strong>2008</strong> and<br />
gradually fill the extensions delivered in the course of<br />
the year (Brignais and Le Plessis Belleville).<br />
RETAIL LOGISTICS<br />
This activity too was affected by falling hypermarket sales<br />
in <strong>2008</strong>. Sales for the year fell short of expectations<br />
because of declining food demand from cybermarkets<br />
and the late completion of premises delaying the launch<br />
of a frozen food contract at STEF Paris Nord.<br />
A contract expired during the course of the year at the<br />
Neudorf site, following the reorganisation of its product<br />
logistics. The successful launch of a new frozen foods<br />
contract for a chain in the same Group in eastern France<br />
partially offset this loss.<br />
The adaptation of production resources to business and<br />
the implementation on all sites of a continuous improvement<br />
drive allowed the activity to honour its results<br />
commitments despite declining sales.<br />
FOOD SERVICE LOGISTICS<br />
A vigorous recovery policy returned this activity to<br />
profitability in <strong>2008</strong>. After years of repositioning,<br />
reconstructions and finally growth of 38% in 2007,<br />
the sector is reaping the rewards of all the hard work,<br />
despite the difficult context. The food-service logistics<br />
activity posted sales in line with expectations.<br />
Taking advantage of a relative slowdown in business, the<br />
Group consolidated its commercial position and stabilised<br />
operations, leading to improvements in both performance<br />
and quality. The result is globally satisfactory, and above<br />
budget predictions.<br />
During <strong>2008</strong>, synergies were implemented with other<br />
activities, allowing the sector to identify new growth<br />
drivers and leading to the opening of a new rented site<br />
in Fos-sur-Mer. ●