BLG LOGISTICS increases sales and result on a challenging market

April 18, 2018

  • Sales increase to some EU 1.09 billion
  • EBT increased by 8.8 percent
  • Megatrend digitalization a major topic for BLG LOGISTICS

At the financial press conference on April 18, 2018 in Bremen, the Board of Management of BLG LOGISTICS presented the results of the past business year. CEO Frank Dreeke expressed his satisfaction: “In many ways, 2017 was a good year – in some aspects even better than expected. We increased sales revenue by four percent and the total result for our AUTOMOBILE and CONTRACT Divisions alone is more than EUR 1 billion.“

For 2017, BLG LOGISTICS recorded sales of EUR 1 billion and EUR 87.8 million. That is an increase of EUR 42.2 million or four percent compared to 2016. The pre-tax result (EBT) increased significantly by EUR 2.7 million or 8.8 percent to EUR 33.5 million (previous year: EUR 30.8 million). The increase resulted in an increase of the EBT margin of 3.1 percent (previous year: 2.9 percent). That means both the EBT and the EBT margin are not only better than in the previous year, but better than forecast.

The Management Board of BLG LOGISTICS at the Financial Press Conference 2018
The Board of Management at BLG LOGISTICS presented the results of the financial year 2017 (from left): Dieter Schumacher, Jens Bieniek, Michael Blach, Frank Dreeke, Andrea Eck und Jens Wollesen.
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The AUTOMOBILE and CONTRACT Divisions are almost equally strong in terms of sales revenue. BLG-Automobillogistik increased its sales revenue in the reporting year by 16.1 percent to EUR 550.2 million, and EBT also grew by 39.4 percent to EUR 13.1 million. This development is mainly due to the sustained positive development on the German automobile market and the volumes handled at many terminals. At all locations in the AUTOMOBILE network, BLG LOGISTICS handled, transported, and technically processed 6.3 million vehicles.

In the CONTRACT Division, sales revenues were EUR 547.8 million. Therefore, they decreased slightly compared to the previous year (2016: EUR 574.5 million), but still developed better than expected. It is positive that the EBT result grew by EUR 5.7 million to EUR 4.6 million. In the forwarding segment, after taking over the Kitzinger Group, BLG offers all types of transport from one source.

The CONTAINER Division of the BLG Group is represented by half of the shares in EUROGATE. In business year 2017, the European terminal operating group generated sales of EUR 607.9 million. The share of the BLG Group was EUR 304 million (previous year: EUR 319.7 million). A  major factor was the volume handled at the EUROGATE container terminal in Hamburg, which contracted significantly due to the restructuring of alliances and the associated loss of shipping lines as well as the insolvency of the longstanding customer Hanjin.

At the financial press conference, Frank Dreeke also looked ahead to 2018:  “As a globally operating company, we depend on the production and therefore goods flow in the global economy. This has proved to be unaffected by political uncertainties. In the long term, the megatrends of energy, environment, technology, transport, health, and digitalization will provide strong growth impulses. For the BLG Group, we expect sales in business year 2018 to at least match the previous year’s figure.”

Before this, the CEO presented a range of projects that demonstrate how BLG is advancing into the digital future. These and other concrete approaches are detailed in this year’s Annual Report with the title “Simple is complex“ which the Board of Management presented at the press conference together with the Finance Report and the Sustainability Report 2017.

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