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GXO LOGISTICS, INC.

(GXO)
  Report
Delayed Nyse  -  04:00 2022-11-30 pm EST
46.86 USD   +7.92%
11/29Insider Buy: Gxo Logistics
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11/29Deutsche Bank Adjusts GXO Logistics Price Target to $53 From $68, Maintains Buy Rating
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11/15GXO Deploys Most Technology in Its History
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GXO Logistics : to manage logistics for Fluidra

07/05/2022 | 04:13am EST

New partnership launches Fluidra's first warehouse in France, bringing products closer to customers in France and Belgium

Spain-based company to occupy 15,000 square meters initially in facility outside Lyon

GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has won a contract to operate Fluidra's first distribution center in France. Fluidra, a global leader in the pool and wellness industry, will use the facility to improve the service level and quality of deliveries to its customers in France and Belgium.

"We are delighted to provide our advanced logistics services for Fluidra's first distribution center in France," said Bernard Wehbe, GXO's Managing Director, France. "We are using our vast experience and expertise to optimize Fluidra's distribution center operations, lowering its costs and providing improved service and quality to its customers."

Prior to awarding this contract to GXO, Fluidra serviced its markets in France and Belgium from distribution centers in Spain. Fluidra is changing its distribution model for France and Belgium to improve its service for both markets and has now partnered with GXO to implement a local distribution center outside Lyon.

"This agreement combines our expertise in manufacturing and distributing pool equipment with GXO's expertise in logistics to enhance our customer service and make operations more efficient," said Stéphane Figueroa, General Manager of Fluidra Commercial France and Fluidra Belgium. "Thanks to this partnership, we can extend the promise of a perfect, seamless pool and wellness experience to our professional customers."

About Fluidra

Fluidra, a multinational group listed on the Spanish Stock Exchange, is the global leader in the pool and wellness industry. Founded in 1969, Fluidra has long-standing experience in developing innovative products and services in the global residential and commercial pool market. Fluidra has a clear mission: to create the perfect pool and wellness experience responsibly.

About GXO Logistics

GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is benefiting from the rapid growth of e-commerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for approximately 120,000 team members across more than 900 facilities totaling approximately 200 million square feet. The company partners with the world's leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube.

Media Contacts
Europe

Anne Lafourcade

+33 (0)6 75 22 52 90

[email protected]

US & APAC

Matthew Schmidt

+1 203-307-2809

[email protected]

Disclaimer

GXO Logistics Inc. published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 08:12:10 UTC.


ę Publicnow 2022
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Financials (USD)
Sales 2022 9 004 M - -
Net income 2022 233 M - -
Net Debt 2022 1 696 M - -
P/E ratio 2022 23,9x
Yield 2022 -
Capitalization 5 559 M 5 559 M -
EV / Sales 2022 0,81x
EV / Sales 2023 0,73x
Nbr of Employees 75 000
Free-Float 99,4%
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Number of Analysts 16
Last Close Price 46,86 $
Average target price 54,87 $
Spread / Average Target 17,1%
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Managers and Directors
Malcolm Wilson Chief Executive Officer & Director
Vaughn Mandy CEO & Founder
Baris Oran Chief Financial Officer
Bradley S. Jacobs Chairman
Sandeep Sakharkar Chief Information Officer
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