BLG Logistics Reports 12% Growth for 2018

13th June 2019

Logistics BusinessBLG Logistics Reports 12% Growth for 2018

BLG LOGISTICS GROUP has reported 12% annual growth in 2018. The group focuses on three divisions in  Automobile, Contract, and Container Logistics.

Altogether, the BLG Group generated sales of EUR 1 billion and 141.3 million in 2018. That was an increase of EUR 53.5 million. Earnings before tax (EBT) grew significantly by EUR 3.99 million or 11.9 percent to EUR 37.5 million. Due to increased sales, the reporting year generated an EBT margin of 3.3 percent (previous year: 3.1 percent).

The strongest division in terms of sales revenue was Contract Logistics, which accounted for some EUR 600 million in 2018. Compared to the previous year, that was a growth of EUR 51.4 million, or 9.4 percent. The positive development results on the one hand from expansion of business with existing and new customers in the industrial and retail logistics business fields, and on the other hand from growth in forwarding operations. In 2018, the AUTOMOBILE division generated sales revenue amounting to EUR 553 million. The slight growth of 0.5 percent results from the stable handling volumes and good business development in automobile transport by rail. The CONTAINER division achieved sales revenues of EUR 302 million, in accordance with the BLG share of 50 percent in the company EUROGATE. Despite a slight downturn of 0.6 percent, the business activities of the EUROGATE Group developed better than planned under the difficult framework conditions.