Company figures
BLG Logistics exceeds its targets in the 2023 financial year
The Board of Management of the BLG Logistics Group presented the results for the 2023 financial year at the annual press conference on April 29, 2024. Despite all the challenges, all three divisions - Automobile, Contract and Container - closed the year with a positive result. While Group sales increased compared to the previous year, the result was slightly worse than in 2022.
Energy prices, inflation, a shortage of skilled workers, climate change, the war in Ukraine, the situation in the Middle East, attacks by Houthi rebels on merchant ships - the list of current challenges for the economy is long. This has once again made 2023 a business environment that is not always easy. In view of this, the Board of Management of the BLG Group considers the operating performance and financial result of the BLG Group in the past financial year to be very pleasing.
In the 2023 financial year, Group sales increased by 8.1% year-on-year to EUR 1.21 billion (excluding Eurogate). "This is a more than respectable achievement given the large number of crises and challenges. All divisions and every colleague contributed to this," emphasized Frank Dreeke, Chairman of the Board of Management of the BLG Group, at the presentation of the results.
Positive result for all three divisions
All three divisions - Automotive, Contract and Container - closed the year with a positive result. Turnover in the Automotive division increased by 62.1 million euros to 641.9 million euros. This sales growth is mainly due to higher revenues in the transportation sector and to storage fees. Turnover in Contract Logistics also increased, by 20.9 million euros to 569.1 million euros. The Container Division recorded a decline in revenue of 43.2 million euros. BLG's pro rata revenue amounted to just under 302 million euros in 2023.
At 36.1 million euros, earnings before taxes (EBT) were 35.2 percent below the previous year (55.7 million euros). The BLG Group's EBT thus fell by 19.6 million euros compared to the previous year. The main reason for this was the lower investment result in the Container division.
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