RE: Manipulation ?26 Nov 2019 10:50
Fruitster, it is interesting to note that GLS has virtually doubled, in terms of both growth and profit, over the last 6 years. Reading the transcript again, I can see that it won't be long before GLS wants to offload RMG, especially if there is more growth in the EU and USA?
Last week Rico stated "So we are building GLS and growing GLS. It's organic growth. It's small acquisitions. There will be acquisitions also in other countries in the GLS area. When we look to Italy, we're always just doing certain acquisitions there. U.S., we said. So there will be small ones, not big ones. And I think if you have a company, which is growing so strong, underlying growth rates by in a way, take acquisitions out of 8%, 9%, you got to be ready to support that growth. This company needs to grow and to expand. We are very careful. When you look to 10 acquisitions, you maybe take 1. Only if it really fits. We are very happy that U.S. is back on track. We have the Dicom, our Canadian one is very good. And if you look to our Italian performance despite the fact that Amazon is moving all the volume to not all of them, but a lot of volume to the post, we're still growing above that -- over 6%, which is -- it's a great, great growth rate."