Sales increased by 1.5

BLG Logistics' sales of EUR 1.159 billion in the 2019 financial year were 1.5 percent higher than in 2018. At EUR 37.5 million, earnings before taxes were at the previous year's level. At 3.2 percent, the EBT margin in the reporting year was only slightly below the previous financial year.

At 603.7 million euros, Automotive was the division with the highest turnover in 2019. Sales revenue increased by 50.6 million euros or 9.1% compared to the previous year. EBT also increased from 15.5 million to 19.3 million compared to the previous year. This corresponds to an increase of 24.4 percent. The EBT margin rose to 3.2 percent.

Turnover in the Contract division amounted to 563.9 million euros. EBT increased by EUR 178 thousand to EUR 7.4 million compared to the previous year. The EBT margin also increased by 8.3% to 1.3%.

Sales revenue in the Container Division amounted to 282.3 million euros, corresponding to BLG Logistics' 50 percent share in Eurogate. This corresponds to a decline of minus 6.5 percent (19.7 million). At 23.7 million, the Container Division's result was below the previous year's level of 37.4 million. Overall, the sales growth in the Automobile division more than compensated for the slight declines in the Contract and Container divisions.

emissions reduced by 29.6 percent

The company is sticking to strategically important goals such as its sustainability policy and digitalization offensive. In 2019, BLG Logistics already succeeded in achieving the climate protection target it set itself for 2020. In 2019, BLG Logistics reduced its revenue-based emissions by 29.6 percent instead of the planned 20 percent. BLG Logistics aims to become a climate-neutral company by 2030. To achieve this, 30 percent of the company's absolute_CO2 emissions are to be reduced. This will be achieved through energy efficiency measures, in-house electricity production and the purchase of green electricity.

Ulrike Riedel new Labor Director

Ulrike Riedel will join the Board of Management of BLG Logistics on July 1, 2020 and assume responsibility as Labor Director. She introduced herself to the shareholders at the Annual General Meeting.

BLG expects sales to decline in 2020

CEO Frank Dreeke expects the Covid-19 pandemic to have a major impact in 2020. A reliable forecast for the BLG Group's business development in 2020 is currently not possible. However, the CEO expects that the original expectations will not be achieved. However, he emphasizes that BLG Logistics is solidly financed, robustly positioned and able to stay on course even in difficult weather conditions.

The Annual General Meeting elected Dr. Claudia Schilling to the Supervisory Board with 98.39 percent approval and Dietmar Strehl with 99.29 percent approval. Dr. Claudia Schilling and Dietmar Strehl succeeded Karoline Linnert and Martin Günthner. The Annual General Meeting represented around 86 percent of the share capital. It approved the actions of the Supervisory Board and Management Board by a large majority and also approved all resolutions proposed by the Supervisory Board and Management Board. This includes the appropriation of the balance sheet profit and thus the payment of a dividend of 40 cents per share.