“Overall, we more than achieved our goal of maintaining a constant level of sales revenue in all three divisions: Automobile, Contract, and Container.” This was the conclusion of the CEO of BLG, Frank Dreeke, in his report on the 2019 business year to the 140th general shareholders meeting of Bremer Lagerhaus-Gesellschaft AG. It was the first virtual general shareholders meeting of BLG Logistics.
Sales revenue of €1.159 billion in 2019 was up on the previous year by 1.5%. At €37.5 million, earnings before tax (EBT) remain at the previous year’s level. The EBT margin of 3.2% in the reporting year was only slightly below that of 2018. Automobile was the strongest division in terms of sales, generating €603.7 million in 2019. Sales revenue grew by €50.6 million, or 9.1%.
Sales revenue in the Contract division amounted to €563.9 million. Compared to the previous year, EBT increased by €178,000. Revenue in the Container division was €282.3 million, including the 50% stake held in EUROGATE. Overall, the sales growth in the Automobile division more than made up for the slight declines in the other divisions.
The company remains committed to strategically important goals such as its sustainability policy and digitalization drive. In 2019, BLG Logistics achieved the climate protection goal it had set itself for 2020. At the same time, the company also reduced sales-based emissions by 29.6%. BLG aims to be climate neutral by 2030. This involves cutting 30% of absolute CO2 emissions. The measures designed to achieve this goal include energy-efficiency improvements, electricity generation, and the purchase of green electricity. On July 1st Ulrike Riedel will join the Board of Management of BLG Logistics as the Labor Relations Director. She introduced herself to the shareholders during the general shareholders meeting.