AutoLogic Holdings - which owns the Walon logistics brand in Europe - has reported an 8.9 percent increase in profits in the first six months of the year to £6.3 million (euro 9.5 million). AutoLogic has delivery and vehicle preparation operations in the UK, France, Belgium and Holland.
'The UK businesses overall produced a good result and the Walon Benelux operation performed particularly well,' said a spokesman for the company.
In May, AutoLogic formed a joint venture with Axis Inc., a subsidiary of Allied Holdings Inc., to operate a new contract to deliver Ford vehicles in the UK. Also in the UK, it won new transportation deals with Suzuki and Toyota.
The company's parts distribution businesses traded at a loss during the first quarter, although it is now operating profitably. The division has won a new contract from Volvo.
'We have set up a number of test teams which are responsible for identifying and resolving the risks associated with the year 20000 - the `Y2K' problem,' said the spokesman. 'Discussions with our suppliers and customers with regard to systems interfaces are ongoing, and contingency plans are being prepared to minimize problems.
'Our mainland Europe operations continue to grow organically and the French business is reaching a level where, by the end of the year, it is expected to start contributing to group profits.
'We are confident of continued growth in the UK. We anticipate further significant changes in the motor distribution sector, and we are well positioned to benefit from the changes that are happening in the automotive chain.