Hellmann continues last year's successful business development in Q1 2021
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Hellmann continues last year's successful business development in Q1 2021
Osnabrueck, May 31, 2021. Despite global challenges caused by the COVID-19 pandemic, global logistics provider Hellmann Worldwide Logistics has closed the 2020 financial year and the first quarter of 2021 very successfully while consistently driving forward the strategic development of the company.
Profitable growth in a challenging market environment
While the first half of 2020 was characterized by volume declines, especially in airfreight, volumes for the year as a whole were kept stable thanks to strong and flexible product management and the addition of numerous new customers. Despite a slight overall decline in volumes, the Hellmann Group was able to increase annual revenue by 4.4 % to EUR 2.5 billion in 2020 and achieve an increased EBIT margin of 2.9 % on the basis of stringent cost management and the implementation of more efficient corporate structures. Cash flow increased significantly last year, so that the Group is net debt-free and thus on solid financial footing.
The positive trend continues in the current fiscal year 2021 across all products, with the Group's key figures for the first quarter of 2021 growing significantly above the previous year. Air- and seafreight recorded significant volume growth due to increased market demand. The contract logistics segment benefits from the implementation of new customer business and is further boosted by the ongoing increase in the e-commerce sector. Road & Rail is also developing positively on the basis of sustained volume and demand growth for land transports coupled with high demand for rail transportation between Asia and Europe.
Foundation laid for further sustainable growth
In 2019 the company's management charted the course for sustainable growth by introducing a new, globally uniform organizational structure and implementing a comprehensive digitalization strategy, thus enabling significant efficiency gains. At the same time, the realignment of Hellmann's global network and the establishment of a strong international management team allowed the company to strengthen its market position across all product areas. Now, the focus is to increase the level of digitalization including the introduction of new transport management systems (TMS), to expand the operating business and generate further growth. Hellmann is also seeking to acquire operational and strategically forward-looking investments, e.g. in the areas of digitalization and spezialised niche products.
"The year 2020 was a stress test for Hellmann, but we achieved our goal of generating profitable growth despite the massive challenges. The crisis did not slow us down, but rather highlighted our strengths: our flexibility, but also the enormous commitment and motivation of all employees. In the current financial year, we want to deliver on the goals of our growth strategy and gain market share in all products," says Reiner Heiken, Chief Executive Officer Hellmann Worldwide Logistics.
About Hellmann Since its foundation 150 years ago, Hellmann Worldwide Logistics has developed into one of the largest international logistics providers in the world. In 2020, the Hellmann Group achieved sales of around EUR 2.5 billion with 10,601 employees. The range of services includes classic forwarding services by truck, rail, air and sea freight, as well as a comprehensive range of CEP services, contract logistics, industry and IT solutions.
Christiane Brüning Head of Corporate Communications Hellmann Worldwide Logistics SE & Co. KG Elbestrasse 1 49090 Osnabrueck Germany Mobile +49 151 2034 0316 E-Mail christiane.bruening@hellmann.com www.hellmann.com Thinking Ahead - Moving Forward Handelsregister / Commercial Register Osnabrueck HRA 3760 Komplementärin / General Partner: Hellmann Verwaltungs SE Handelsregister / Commercial Register Osnabrueck HRB 212008 Vorstand / Managing Directors: Reiner Heiken, Martin Eberle Vorsitzender des Aufsichtsrats der Hellmann Verwaltungs SE / Chairman of the Supervisory Board: Dr. Thomas Lieb USt-IdNr. / V.A.T. Id. no.: DE 11 76 59 402 Wir arbeiten ausschließlich auf Grundlage der Allgemeinen Deutschen Spediteurbedingungen 2017 – ADSp 2017 – und – soweit diese für die Erbringung logistischer (Zusatz-) Leistungen nicht gelten – nach den Logistik-AGB, Stand März 2006. Hinweis: Die ADSp 2017 weichen in Ziffer 23 hinsichtlich des Haftungshöchstbetrages für Güterschäden (§ 431 HGB) vom Gesetz ab, indem sie die Haftung bei multimodalen Transporten unter Einschluss einer Seebeförderung und bei unbekanntem Schadenort auf 2 SZR/kg und im Übrigen die Regelhaftung von 8,33 SZR/kg zusätzlich auf 1,25 Millionen Euro je Schadenfall sowie 2,5 Millionen Euro je Schadenereignis, mindestens aber 2 SZR/kg, beschränken. Die ADSp 2017 können Sie unter www.hellmann.com/adsp abrufen, die Logistik-AGB 2006 unter www.hellmann.com/logagb. Weitere Informationen zum Thema Datenschutz und unserem Umgang mit personenbezogenen Daten finden Sie unter folgendem Link: www.hellmann.com/datenschutz We operate exclusively in accordance with the German Freight Forwarders' Standard Terms and Conditions 2017 (Allgemeine Deutsche Spediteurbedingungen 2017 – ADSp 2017) and – if they do not apply for performing (supplementary) logistics services – with the General Terms and Conditions of Logistics-Services Providers (Logistik-AGB), as of March 2006. Note: In clause 23 the ADSp 2017 deviate from the statutory liability limitation in section 431 of the German Commercial Code (HGB) by limiting the liability for multimodal transportation with the involvement of sea carriage and an unknown damage place to 2 SDR/kg and, for the rest, the customary liability limitation of 8.33 SDR/kg additionally to Euro 1.25 million per damage case and EUR 2.5 million per damage event, but not less than 2 SDR/kg. You can find the ADSp 2017 here: www.hellmann.com/ffst and the Logistik-AGB 2006 here: www.hellmann.com/loggtc. For further information on the subject of data protection and our handling of personal data please refer to the following link: www.hellmann.com/privacy