The BLG Group presented a solid result at the Annual General Meeting on June 11. The company closed the 2024 financial year successfully despite a challenging economic and political environment. The equity ratio increased to 25.3 percent, strengthening the company's financial stability. The Management Board and Supervisory Board proposed a dividend of EUR 0.50 per share at the Annual General Meeting - an increase of EUR 0.05 compared to the previous year.
BLG's turnover was stable at 1.2 billion euros, while earnings before taxes (EBT) exceeded expectations at 91.8 million euros. The EBT margin increased to 7.5 percent. “Since 2024, ‘stability’ and ‘transformation’ are no longer opposites, but our daily reality,” explained Matthias Magnor, Chairman of the Board of Management of the BLG Group, at the 145th Annual General Meeting of BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877-. He made it clear that there is still a lot to do in order to remain successful in the long term. The employees are the decisive factor in BLG's success. They are the ones who think, tackle and implement, and who set the sails again and again in the face of headwinds - day after day at over 100 locations in Germany and worldwide.
Dynamism in the business divisions
Despite the economic downturn, the AUTOMOBILE Division was once again able to increase its earnings - primarily due to high capacity utilization at the domestic terminals, successful special projects and additional income from technical services. A new site is currently being built in Ahlhorn with space for around 15,000 vehicles - including technical services - which will further strengthen capacities in Germany.
The CONTAINER Division benefited greatly from a noticeable increase in handling volumes as well as additional storage money and reefer income at EUROGATE. With an investment result of EUR 61.2 million, it made a significant contribution to the Group result.
By contrast, the CONTRACT Division fell short of expectations - in particular due to declines in parts logistics for the automotive industry and selective location losses. At the same time, important progress was made in the consumer goods sector and with new customer projects. A future-oriented project is currently underway in Leipzig: the BLG Group is building a new logistics center there for a customer in the cosmetics industry, which is scheduled to go into operation in 2027.
Outlook 2025: more international, more agile, more dynamic
The BLG Group's international presence was already expanded in 2024: A new office in Istanbul strengthens the company's position in the markets between Europe and Asia and promotes global competitiveness. In addition, cooperation with a major international partner was strengthened in order to improve connections to important Asian markets. The company is continuing to pursue this strategy in the knowledge that the economic environment will remain challenging in the current year: Geopolitical tensions, pressure on global supply chains and uncertainties regarding the economy, inflation and interest rate policy are putting a noticeable strain on the industry. “Global trade is far more than just an economic instrument - it is the basis for employment, innovation, competitiveness and the ability to act geopolitically,” emphasized Matthias Magnor. Despite these uncertainties, the BLG Group is determined to consistently pursue its strategic goals, further expand its international position and actively exploit opportunities. With strategic clarity and operational excellence, the BLG Group believes it is well positioned to assume responsibility and successfully shape the future in 2025.
Following this report and questions from shareholders, the Annual General Meeting approved the actions of the Supervisory Board and Management Board by a large majority and also approved the payment of a dividend of EUR 0.50 per share for the 2024 financial year.
Further information on the BLG Annual General Meeting and annual reporting:
The digital Annual Report 2024 is available at this link:
BLG LOGISTICS Annual Report 2024
We have compiled all the documents for the 2025 Annual General Meeting for you here:
Annual General Meeting 2023 | BLG LOGISTICS
All information on the annual press conference can be found here:
Annual press conference financial year 2024 | BLG LOGISTICS
