Spanish express parcels company Seur increased revenues by 7.5% last year and is planning slightlylower growth of 6.25% this year.
In 2007, the group’s revenues increased by 7.5 % to EUR 665 million. The company said itmaintained its leading position in the express sector with an average of 150,000 parcels daily.
Seur CEO Manuel Valle commented on the positive annual results pointing out two differentphases last year: “In the first half-year, we recorded an average growth of 8% mainly due to ourbig customers. Then from July onwards, the company’s growth started to decline slightly, falling to7% mostly because of the economic situation.”
In Portugal, Seur recorded revenues of EUR 35.75 million which equal a 10% increase comparedto 2006.
At an international level, Seur continues to offer the same high-quality service asnationwide thanks to its strategic partnership with Geopost. In 2007, Seur generated revenues ofEUR 48 million in its international business which equal 7.21% of the total company’s revenues.
The expansion of Seur’s infrastructure has reached a new peak in 2007 with the inaugurationof its new facilities in ZAL, the major international hub in Barcelona. With an investment of EUR40 million, Seur transformed the site into its second biggest hub, covering 16,400 sqm. ZALincorporates the latest technologies including an innovative EUR 6 million double transportationband which allows automatic sorting of up to 14,000 parcels an hour.
In 2008, Seur will focus investment on its IT modernisation plans, under which it will spendEUR 54 million on upgrading over the next four years.
In terms of the prospects for the current financial year, Seur expects a revenue increase of6.25%. To achieve this goal, the company plans to make its pricing policy more flexible and toadapt its services to the individual needs of each customer.
Seur has closed the financial year 2007 with a customer loyalty rate of more than 90%. Thecompany will continue improving its customer service and enhance its selling channels includingSeur shop, Televenta and internet.
