DHL AVIATION (FRANCE) SAS : revenue, balance sheet and financial ratios

DHL AVIATION (FRANCE) SAS is a French company founded 27 years ago, specialized in the sector Transports routiers de fret interurbains. Based in LE BOURGET (93350), this company of category GE shows in 2024 a revenue of 76.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - DHL AVIATION (FRANCE) SAS (SIREN 421985318)
Indicator 2024 2022 2021 2020 2019 2018 2017 2016
Revenue 75 972 881 € 74 571 939 € 53 949 836 € 34 694 662 € 31 608 436 € 28 545 395 € 23 794 800 € 23 716 530 €
Net income 724 241 € 2 449 404 € 1 199 069 € 54 637 € -154 872 € 681 686 € 483 979 € 515 073 €
EBITDA 8 096 105 € 3 223 955 € 6 220 844 € 1 903 947 € 1 327 615 € 1 177 661 € 887 988 € 1 118 539 €
Net margin 1.0% 3.3% 2.2% 0.2% -0.5% 2.4% 2.0% 2.2%

Revenue and income statement

In 2024, DHL AVIATION (FRANCE) SAS achieves revenue of 76.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +15.7%. Vs 2022: +2%. After deducting consumption (439 k€), gross margin stands at 75.5 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8.1 M€, representing 10.7% of revenue. Positive scissor effect: EBITDA margin improves by +6.3 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 724 k€, i.e. 1.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

75 972 881 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

75 533 969 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

8 096 105 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

3 318 085 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

724 241 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

10.7%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 12%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 7.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

11.983%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

7.374%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.0

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

78.0%

Solvency indicators evolution
DHL AVIATION (FRANCE) SAS

Sector positioning

Debt ratio
0.0 2024
2021
2022
2024
Q1: 3.42
Med: 30.72
Q3: 89.85
Excellent

In 2024, the debt ratio of DHL AVIATION (FRANCE) SAS (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
11.98% 2024
2021
2022
2024
Q1: 17.96%
Med: 34.26%
Q3: 52.09%
Average

In 2024, the financial autonomy of DHL AVIATION (FRANCE) SAS (12.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.0 years 2024
2021
2022
2024
Q1: -0.01 years
Med: 0.02 years
Q3: 1.91 years
Good +7 pts over 3 years

In 2024, the repayment capacity of DHL AVIATION (FRANCE) SAS (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 14.95. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 27.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

14.946

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

27.912

Liquidity indicators evolution
DHL AVIATION (FRANCE) SAS

Sector positioning

Liquidity ratio
14.95 2024
2021
2022
2024
Q1: 122.42
Med: 168.88
Q3: 241.43
Watch +9 pts over 3 years

In 2024, the liquidity ratio of DHL AVIATION (FRANCE) SAS (14.95) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
27.91x 2024
2021
2022
2024
Q1: -0.19x
Med: 0.0x
Q3: 4.8x
Excellent +12 pts over 3 years

In 2024, the interest coverage of DHL AVIATION (FRANCE) SAS (27.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 77 days. Excellent situation: suppliers finance 46 days of the operating cycle (retail model). WCR is negative (-224 days): operations structurally generate cash. Notable WCR improvement over the period (-2171%), freeing up cash.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-47 323 508 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

31 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

77 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-224 j

WCR and payment terms evolution
DHL AVIATION (FRANCE) SAS

Positioning of DHL AVIATION (FRANCE) SAS in its sector

Comparison with sector Transports routiers de fret interurbains

Valuation estimate

Based on 71 transactions of similar company sales in 2024, the value of DHL AVIATION (FRANCE) SAS is estimated at 9 373 957 € (range 5 122 579€ - 24 757 922€). With an EBITDA of 8 096 105€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.23x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
71 tx
5122k€ 9373k€ 24757k€
9 373 957 € Range: 5 122 579€ - 24 757 922€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
8 096 105 € × 0.9x
Estimation 7 435 227 €
5 291 216€ - 29 991 311€
Revenue Multiple 30%
75 972 881 € × 0.23x
Estimation 17 221 841 €
8 044 742€ - 28 083 860€
Net Income Multiple 20%
724 241 € × 3.4x
Estimation 2 448 960 €
317 743€ - 6 685 545€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 71 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Transports routiers de fret interurbains)

Compare DHL AVIATION (FRANCE) SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers de fret interurbains

Frequently asked questions about DHL AVIATION (FRANCE) SAS

What is the revenue of DHL AVIATION (FRANCE) SAS ?

The revenue of DHL AVIATION (FRANCE) SAS in 2024 is 76.0 M€.

Is DHL AVIATION (FRANCE) SAS profitable?

Yes, DHL AVIATION (FRANCE) SAS generated a net profit of 724 k€ in 2024.

Where is the headquarters of DHL AVIATION (FRANCE) SAS ?

The headquarters of DHL AVIATION (FRANCE) SAS is located in LE BOURGET (93350), in the department Seine-Saint-Denis.

Where to find the tax return of DHL AVIATION (FRANCE) SAS ?

The tax return of DHL AVIATION (FRANCE) SAS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does DHL AVIATION (FRANCE) SAS operate?

DHL AVIATION (FRANCE) SAS operates in the sector Transports routiers de fret interurbains (NAF code 49.41A). See the 'Sector positioning' section above to compare the company with its competitors.