The Spanish express company Halcourier has unveiled an ambitious plan to add 100 new franchises anddouble its revenues as competition hots up in the growing Iberian market, the Madrid-based business
newspaper Gaceta de los Negocios reports.Family-owned Halcourier has around 200 franchises in Spain and Portugal and last year itsrevenues grew 14% to EUR 57 million on the EUR 50 million in 2005.
By expanding to 300 branches over the next three years, the company believes it will doublerevenues to well over EUR 100 million in the Spanish and Portuguese markets, which are currentlyboth expanding by about 8% per year.
Deputy director-general of the firm, Santiago Gragera, told La Gaceta that Halcourier “neededto be big to compete, which is what the market is asking us to do and is necessary for our ownsurvival.”
Gragera wants Halcourier to put on 100 branches by 2009, and 40 by the end of this year andhas not ruled out doing it partly by acquisitions, says La Gaceta.
Halcourier, a leading B2B parcels courier, currently counts on more than 50,000 clientsmainly in the professional, banking, advertising, legal, construction, pharmaceutical, telecommsand insurance sectors.
It has 14 distribution centres in Spain, employs 2,500 people and has a fleet of 1,800vehicles with GPS.
