HOYER Group achieves record turnover in 2017

HOYER Group achieves record turnover in 2017

HOYER, the transport and logistics service provider, again looks back on a highly successful fiscal year. Turnover achieved by the HOYER Group in 2017 was recorded at €1,203m ($1,440m), the highest sales in its history. This corresponds to 1.2% growth compared to the previous year (€1,189m). The internationally oriented Hamburg family business plans further investments in the future.

Earnings before taxes (EBT) was €40.6m, the second-highest in the company’s history (previous year: €40.4m). The operational cash flow of the HOYER Group increased to €75.2m, up from €65.3m.

The HOYER Group pursued consistent internationally aligned growth in 2017. As a result of the takeover of a French competitor, and with a fleet of more than 43,100 Intermediate Bulk Containers HOYER is one of the leading companies worldwide in this segment. The logistics company has also strengthened its operations in the North American and Asian regions. HOYER is now present for its customers in over 115 countries.

The company focused in the past year on further development of it’s own digitalisation strategy. The central element is the Smart Tank, which enables products in tank containers to be monitored by using innovative sensors. Equipping the tank container fleet with the complex telematics was driven forward decisively in 2017. In the past fiscal year, the Hamburg logistics specialist invested a total of around €90.0m in innovations up from €102.2m in the previous year.

Ortwin Nast, Chief Executive Officer of the HOYER Group, said: “We see innovation as an opportunity to fulfil our customers’ wishes better than others, and to design our processes to be more efficient, secure and economical.”

For more information, visit: www.hoyer-group.com

14th May 2018

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