14pc profit boost for Hellmann Worldwide

Hellmann Worldwide Logistics made a consolidated group gross profit of €607.9m in 2016, up 14 per cent up on the year before.

Consolidated turnover was €2.3 billion. Total group turnover was more than €3bn. Operating profit (EBIT) was €46.5 million in 2016.

Last year, the group realigned its operations creating three business units. “As of last year the reorganisation sets us on course for the successful development of the Hellmann Group. Prerequisite for successfully implementing the structuring measures was the constructive cooperation within the management team and the board,” said Dr Thomas Knecht, spokesperson for the board of management. “The positive group result in a double-digit million range has exceeded the forecasts and I am confident that we will further increase earnings this year.”

Hellmann Worldwide Logistics currently employs 128,000 people at 244 branches in 56 countries.

Jost Hellmann, managing partner, said: “Last year, the Hellmann Group developed positively in all relevant areas. We have done our homework. We have taken the right path in reorganising the Group and initiating the generational changeover – the Group result for 2016 makes this very clear.”