“Blazing new trails, showing courage – that’s an attitude deeply ingrained in BLG’s 139-year history,” said Frank Dreeke. With these introductory words the BLG CEO looked back once again at the event of the century “50 years of container handling in Germany” at the 136th Annual Shareholders’ Meeting of BREMER LAGERHAUS-GESELLSCHAFT –Aktiengesellschaft von 1877– at the Congress Center Bremen on May 24, 2016.
After that Frank Dreeke thanked the shareholders present, many of whom have been following BLG’s development and work for years, on behalf of the entire Board of Management and then reported to them on the listed company BREMER LAGERHAUS-GESELLSCHAFT –Aktiengesellschaft von 1877–.
For the 2015 financial year the balance sheet shows a profit of 1,536,000 euros. This is the basis for the dividend payout. Frank Dreeke: “We pursue the goal of a profit-oriented and continuous dividend policy. One of our professed objectives is for our shareholders to share in the company’s success to an appropriate amount.” The Board of Management and Supervisory Board therefore proposed that the balance sheet profit available again be used to pay out a dividend of 40 cents per share, corresponding to a return of around 15 percent on the share capital entitled to dividends amounting to 9,984,000 euros.
The price of the BLG share developed positively again in 2015. It recorded over 22 percent growth in value. “We are delighted about this unabated rating in the market,” states Frank Dreeke.
BLG LOGISTICS GROUP AG & Co. KG concentrates on the strategic alignment and development of the BLG Group with its three divisions, Automobile, Contract and Container Logistics, which are divided into eleven business segments. The BLG Group continued the desired growth course in 2015. Sales rose by 6.3 percent to 938.6 million euros. All three divisions, AUTOMOBILE, CONTRACT and CONTAINER, recorded sales growth that was significant in some segments. Nevertheless, the pretax earnings (EBT) remained slightly below the previous year’s level at 29.7 million euros (-1.3 percent). The decisive factor behind this was the lower result in the CONTRACT Division. Although sales developed better than expected, losses in the Port Logistics segment and in existing business in Brazil, Russia and the US as well as continued uncertainty regarding development of the offshore sector impaired results. Two big future investments also took place in the 2015 financial year: expansion of the new Fashion Logistics segment and construction of the eighth parking deck in Bremerhaven.
In his speech at the Annual Shareholders’ Meeting BLG’s Chairman of the Board announced: “The substantial rise in sales in the CONTRACT Division of 41.9 million euros as compared to 2014 is evidence of the potential and growth opportunities in contract logistics. Fashion logistics, e-commerce, Industry 4.0 and freight forwarding activities as complementary services – these are all issues we are working on intensively.” He expects that sales will continue to grow in all three BLG divisions: in the CONTRACT sector between 10 and 15 percent, in the AUTOMOBILE sector between 5 and 10 percent and in the CONTAINER sector between 2 and 5 percent. Group sales should climb to over 1 billion euros in 2016. Dreeke adds: “We will stay on course by continuing to pursue profitable growth combined with stringent cost management. Today we are already well positioned for the future: with our clear service profile as well as a streamlined group organization and management structure that enable quick and customer-oriented decisions.”
The Annual Shareholders’ Meeting adopted a resolution for formal approval of the Board of Management and Supervisory Board with a great majority and also approved all proposals of the corporate management.
You will find further information on the group financial statement and the situation of the BLG Group here.
Annual reporting for 2015 is available for downloading here.
We have put together all documents concerning the Annual Shareholders’ Meeting for you here.