Gist turns in strong performance in third quarter
The BOC Group has today announced its third quarter financial results, displaying continued strength in the marketplace from Gist, the Group’s supply chain management business. (Please refer to BOC Group press release, www.boc.com).
Gist managing director Martin Gwynn commented: “Our performance this quarter has been solid, with a turnover increase of 19% and a profit increase of 40% on the same quarter last year.”
“Whilst the operating profit includes a one-off gain related to the re-organisation of the Marks & Spencer general merchandise contracts, our turnover continues strong growth year on year. We have increased volumes in all segments of the business and have enjoyed full quarter benefit of new business with Carlsberg-Tetley.”
Gwynn continued: “The recent appointment of Peter Bradford to the Gist board as business director for retail confirms our dedication to this sector.
“We are confident that we will be able to build on this continued strong performance as we move into the final quarter.”
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Notes to editors
Gist combines leading edge experience and expertise to transform supply chains through intelligent application of innovative leading edge technology, unique solutions tailored to customers’ strategies, managing change and embracing and enhancing the supply chain proposition. With industry specific experience, expertise and excellence, Gist’s solutions bring end-to-end visibility and implementation, from concept to delivery.
Gist, based in the United Kingdom, has its head office at Basingstoke in Hampshire. However, Gist’s 4,500 employees operate out of 28 locations, providing a full range of intellectual and asset-based business offering in the UK, continental Europe, Asia, Australasia and North America.
Gist’s customers (including Ocado, Marks & Spencer, British Airways, Carlsberg UK and Budgens) operate in a wide range of commercial and industrial sectors, including grocery, electronics, apparel and gas.
As part of the BOC Group, which serves two million customers in more than 50 countries, Gist also benefits from BOC’s global capability, synergy and scale.
To find out more about Gist, for photography or to arrange an interview with the Gist team please contact the Gist press office:
Michele Mervin
Tel: 01256 891111
Fax: 01256 891122
Email: Michele.mervin@gistworld.com
