Hellmann prepares for the digital age of logistics
Hellmann Worldwide Logistics can look back on a positive business performance in 2016. The logistics service provider, headquartered in Osnabrueck, generated a consolidated turnover of approximately 2.3 billion EUR in the past financial year. At group level, Hellmann generated a total of more than 3 billion EUR.
The results of the consolidated group are as follows: In 2016, Hellmann increased its gross profit by around 75.6 million EUR to 607.9 million EUR, which is an increase of approximately 14 percent. The operating result also developed positively. After taking all depreciation into account, the operative EBIT excluding non-recurring expenses amounted to 46.5 million EUR, resulting in an EBIT margin of 2 percent. Therefore, the Hellmann Group achieved a positive consolidated result in the two-digit million range in 2016.
The company’s development last year reflects the successful realignment of the Hellmann Group, that was launched in 2015. These structuring measures ensure that Hellmann will remain and continue to be a strong contender in the future. Many of the company’s reformation entail key structural, operational and financial measures until 2018.
They include the creation of three business units, establishing a superior management holding company, and converting the corporate status to the European SE by the end of 2017. By introducing these measures, the Hellmann Group is laying the foundation to accommodate, adapt to and embrace the changing requirements of a digitized, global logistics industry.
“As of last year the reorganisation sets us on course for the successful development of the Hellmann Group. I am confident that we will further increase earnings this year,” said Dr. Thomas Knecht, Spokesperson for the Board of Management.
Jost Hellmann, Managing Partner, also shares this positive assessment of the course of business. According to him, the Hellmann Group developed positively in all relevant areas last year. They have done their homework, taken the right path in reorganising the group and initiating the generational changeover – the group result for 2016 made this very clear, he judges.