The Cuneo-based logistics company Nord Ovest has filed the 2024 annual financial year with a value of production of 48.9 million euros, with a growth of +2.7% on 2023 generated in shipping business (€42.0 million) compared to 41.4 million in 2023), from the activity of customs operations and consulting (3.2 million against 2.9 million) and from the warehouse and logistics business (2.8 million against 2.7 million). The company announced that the increase in revenues from shipping activities (+1.3%) is mainly attributable to the increase in land transport volumes and of air shipments, as well as the increase in revenue of the latter, while the increase in turnover in the Customs Operations and Consulting segment (+11.4%) is attributable to the expansion of customs and the increase in warehouse and logistics activities (+2.9%) is due to the increase in incoming pallets returned possible by an improvement in operational efficiency as well as expansion of logistics activities, in particular at the Mondovì site. In addition, most of the Total revenues refer to Italian customers for 88.4% (42.4 million compared to 41.4 million in 2023) and are revenues from EU countries that represent 8.9%, while those from non-EU countries account for 2.7%.

In 2024, production costs amounted to 46.3 million of euro compared to 45.2 million in the previous year and mainly consisting of costs for services (€38.3 million against 37.6 million), in turn deriving for the most part from the costs for freight, transport and shipping (€34.4 million against €34.0 million). This increase - specified Nord Ovest Spa - is mainly attributable to the increase in the volume of business that has led to an increase in operational activities and resulting in an increase in associated costs and tensions geopolitical on international markets, particularly in the strategic transit measures such as in the Red Sea that have caused inconvenience and slowdowns in transport with consequent increase associated costs.

In 2024, EBITDA and EBIT were respectively 3.4 million and 2.7 million against 3.3 and 2.7 million in the year previous. Net profit amounted to €2.0 million (+36,7%).

In the meantime, the North West is carrying out the work for the construction of a new warehouse in Mondovì which will include also new temperature-controlled areas and whose completion is estimated within the first months of next year.