Successful thermologist
trans-o-flex shows profitable growth in the first half of the year
The trans-o-flex Group's revenue grew by 4.6% to EUR 264 million in the reporting period (H1 2020: EUR 252 million). Adjusted EBITDA increased by 4.0% to EUR 31 million compared to H1 2020.
The logistics company's trans-o-flex ThermoMed division generated sales of EUR 39.7 million in the same period (H1 2020: EUR 36.3 million), representing growth of 9.4%. The trans-o-flex Express division increased its revenue by 3.6% to EUR 225 million (H1 2020: EUR 217 million).
Wolfgang P. Albeck, CEO of trans-o-flex: "We are continuing to grow. The pandemic shows us how important fast, safe and reliable logistics are, especially in the pharmaceutical sector. As the German market leader for active temperature-controlled pharmaceutical transport and an expert in express specialty logistics, we are a reliable partner for our customers. The performance measures of recent years are now paying off. In the market for pharmaceuticals and express logistics for sensitive goods, we can report solid growth even in times of crisis. This also makes us optimistic for the second half of the year."
On its growth path, trans-o-flex is benefiting from megatrends such as demographic change, which is leading to rising demand for medicines, and the increased demand for express solutions as a result of growing online shopping. At the same time, stricter EU-wide safety standards for pharmaceutical logistics (Good Distribution Practice) are increasing the quality requirements for the entire distribution chain. This is leading to a continuous increase in demand for trans-o-flex's active temperature-controlled special logistics.
The safe delivery of coronavirus tests and vaccines underlines the importance of highly sensitive pharmaceutical logistics - a market with high growth potential. Between 2020 and 2025, the market for pharmaceutical logistics and the transportation of other high-value goods in Germany and Austria is expected to grow from EUR 9.9 billion to an estimated EUR 12.2 billion, an increase of 23%.
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