Thanks, Tian. I excluded the most recent announcement as there was little additional detail - though in hindsight it would have made sense to at least include it. Their reporting structure in terms of geographies does appear odd, at least from my perspective. One would imagine they will change their reporting segments as their pharma and transport businesses expand further throughout the rest of Europe.
Thank you for covering a company that operates in Europe only!
It’s interesting how they make very small acquisitions. The latest one (Jan 2nd): a Belgian courier for €8 million.
Note: it seems that “Iberia” includes all countries except France and Italy.
Thanks, Tian. I excluded the most recent announcement as there was little additional detail - though in hindsight it would have made sense to at least include it. Their reporting structure in terms of geographies does appear odd, at least from my perspective. One would imagine they will change their reporting segments as their pharma and transport businesses expand further throughout the rest of Europe.