BLG group expects still difficult economic environment

Politic crisis could have an impact on the automotive, contract and container logistics activities of the BLG Logistics Group (Bremen) in 2014

The BLG Logistics Group is preparing to face another difficult financial year in 2014. Europe’s economic recovery will be a slow process. Political crises may also impact global trade, they state. Overall, BLG expects a slight increase in sales this year, and an operating result similar to that of 2013, says CEO Frank Dreeke, on May 7 to journalists.

In 2013 the corporate group headquartered in Bremen recorded almost EUR 1.2 billion in sales. This corresponds to an increase of 3.1 per cent year-on-year. The growth was due to existing customers and new business, particularly in the contract logistics division, says Frank Dreeke. The difficult economic climate had led to heightened competition and considerable pricing pressure. This, coupled with the declining developments in the high & heavy and offshore logistics areas, saw the operating result drop to EUR 37 million (after 48.6 the previous year).

2013 saw a total of 7.5 million vehicles handled, transported or technically processed in the automotive logistics division, with Bremerhaven accounting for 2.18 million vehicles – around 100,000 vehicles more than the previous year. Contract logistics recorded growing volumes in almost all business fields. A total of 14.2 million standard containers were handled at the 11 terminals of the Eurogate joint venture in 2013 – 7.3 per cent more than the previous year. The total number of staff at the BLG group rose to 7,786 in 2013 thanks to the growing business volumes. Including its subsidiaries and shareholders, BLG provides over 16,000 jobs at more than 100 locations worldwide.

http://www.blg.de/

Quelle: LogEastics
Portal: www.logistik-express.com