At the financial press conference on April 18, 2018 in Bremen, the Board of Management of BLG Logistics presented the results of the past business year. CEO Frank Dreeke expressed his satisfaction: “In many ways, 2017 was a good year – in some aspects even better than expected. We increased sales revenue by 4% and the total result for our Automobile and Contract Divisions alone is more than €1 billion ($1.21 billion).”
For 2017, BLG Logistics recorded sales of €1 billion ($1.21 billion) and €87.8 million ($106.24 million). That is an increase of €42.2 million ($51.1 million) or four percent compared to 2016. The pre-tax result (EBT) increased significantly by €2.7 million ($3.27 million) or 8.8% to €33.5 million ($40.54 million) (previous year: €30.8 million ($37.27 million) ). The increase resulted in an increase of the EBT margin of 3.1 percent (previous year: 2.9%). That means both the EBT and the EBT margin are not only better than in the previous year, but better than forecast.
The Automobile and Contract Divisions are almost equally strong in terms of sales revenue. BLG-Automobillogistik increased its sales revenue in the reporting year by 16.1% to €550.2 million ($665.74 million), and EBT also grew by 39.4 % to €13.1 million ($15.7 million). This development is mainly due to the sustained positive development on the German automobile market and the volumes handled at many terminals. At all locations in the Automobile network, BLG Logistics handled, transported, and technically processed 6.3 million vehicles.
In the Contract Division, sales revenues were €547.8 million ($662.88 million). Therefore, they decreased slightly compared to the previous year (2016: € 574.5 million ($695.15 million) ), but still developed better than expected. It is positive that the EBT result grew by €5.7 million ($6.9 million) to €4.6 million ($5.57 million). In the forwarding segment, after taking over the Kitzinger Group, BLG offers all types of transport from one source.
The Container Division of the BLG Group is represented by half of the shares in Eurogate. In business year 2017, the European terminal operating group generated sales of €607.9 million ($735.56 million). The share of the BLG Group was €304 million ($367.84 million) (previous year: €319.7 million ($386.84 million) ). A major factor was the volume handled at the Eurogate container terminal in Hamburg, which contracted significantly due to the restructuring of alliances and the associated loss of shipping lines as well as the insolvency of the longstanding customer Hanjin.