Hellmann Worldwide Logistics has revealed positive business performance results for 2016, with highlights including a consolidated turnover of approximately 2.3 billion EUR in the past financial year.
The results from the consolidated Group showed a gross profit increase of around 75.6 million EUR to 607.9 million EUR, which is an increase of approximately 14 percent. After taking all depreciation into account, the operative EBIT excluding non-recurring expenses amounted to 46.5 million EUR, resulting in an EBIT margin of 2.0 percent. Therefore, the Group achieved a positive consolidated result in the two-digit million range in 2016.
These profits reflect positively on the realignment the Group went through in 2015, which included the creation of three business units, establishing an superior management holding company, and converting the corporate status to the European SE. The Hellmann Group says these measures were put in place to lay the foundation to accommodate, adapt to and embrace the changing requirements of a digitized, global logistics industry.
“As of last year the reorganization sets us on course for the successful development of the Hellmann Group. Prerequisite for successfully implementing the structuring measures was the constructive cooperation within the Management Team and the Board. The positive Group result in a double-digit million range has exceeded the forecasts and I am confident that we will further increase earnings this year,” said Dr. Thomas Knecht, Spokesperson for the Board of Management.
Jost Hellmann, Managing Partner, also shares this positive assessment of the course of business. “Last year, the Hellmann Group developed positively in all relevant areas. We have done our homework. We have taken the right path in reorganizing the Group and initiating the generational changeover – the Group result for 2016 makes this very clear.”