2021/22 was a year of transition for FM Logistic. Against the background of this extended period of rising costs, the company s performance for the financial year was mixed. On the one hand, it con- tinued to grow at a steady pace and won many new contracts. On the other hand, the additional effort required to get some of these contracts up and running has had a negative impact on results. The transformation journey that FM Logistic is now on will demonstrate its value and benefits over time. Its commitment to sustainable development and new Supply Change brand signature send a very clear positioning statement to customers. Another major strength of the Group is its presence at every link in the value chain, from the design of logistics buildings to their oper-ation. In response to underlying trends, FM Logistic has invested heavily in omnichannel, urban logistics and automation. It s also putting a great deal of resources into training its employees on all the skills required to support and implement these changes. The positive effects of this proactive policy will become apparent in the coming years. The success of this transformation will rely on two key principles: the first is the need for open and balanced discussion with customers, and the second is the strict application of operational standards. The management teams have a key role to play in this respect, since the strain on capacities seems likely to last for some time. ◆

Annual report 10 FM Logistic 2021/22

Jean-Claude Michel Chairman

and independent director

FM Logistic s transformation is a long-term process. We are approaching the new financial year with realism and optimism.

tr an

si tio

n