Reporting 2021
BLG AG

Letter from the Board of Management

Dear Sir or Madam,

Contrary to what most of us had initially hoped, the coronavirus pandemic was not over in the 2021 reporting year. Additional protection and control measures, supply bottlenecks and interrupted supply chains required us to show a great deal of flexibility and endurance. At the same time, 2021 impressively underscored the systemic relevance of ports, road and rail. Frictionless logistics is the indispensable link between producers, retailers and consumers. Today and in the future.

BLG is a robust and adaptable organization. The positive development of the figures in our financial report speaks for itself. In recent years, we have diversified our business more and more and have established a broad customer base. We continued this policy in 2021.

Together, we succeeded in closing the financial year 2021 with a good result despite the constant hurdles. With EBT in excess of EUR 52 million, we more than achieved our goal of significantly improving our result.

We commissioned new sites and expanded existing ones. We succeeded in winning the long-term loyalty of our customers with compelling services. For example, within the scope of a joint venture, Hyundai Glovis, one of the world’s largest shipping companies, chose our Bremerhaven AUTOMOBILE location as a European hub for its automobile transports between Asia and Europe. In the CONTRACT Division, the laying of the foundation stone for the C3 logistics center marked the official start of a groundbreaking logistics real estate project, in which besides the best possible processes for the customer, we are also placing great value on sustainability. In addition to the largest continuous roof-mounted photovoltaic system in Germany, this commitment is also reflected in excellent working conditions for our employees. In addition, our rail transport activities also contribute to climate change mitigation. The CONTAINER Division is making good progress with its transformation program and is well on the way to achieving its long-term target of lowering personnel and material costs by EUR 84 million. Wilhelmshaven container port developed extremely well thanks to inducement calls and higher volumes.

But we have no intention of resting on our laurels. Together, we are continuously working on new solutions to improve our customers’ logistics processes. In addition to continuous process optimization across the entire service portfolio, we are working together with various project partners on innovation and digitalization projects.

The situation in Ukraine has given us pause for thought. We are following the developments in Eastern Europe with great concern and are in close contact with our colleagues. We are not yet in a position to say to what extent the effects of the pandemic and the situation in Ukraine will impact our business. But the title of this year’s annual report will continue to apply: Mastering challenges together.

We thank you, our shareholders, for your trust.

Signature Frank Dreeke
Frank Dreeke
CEO & Chairman of the
Board of Management
Signature Michael Blach
Michael Blach
CONTAINER
Division
Signature Andrea Eck
Andrea Eck
AUTOMOBILE
Division
Signature Christine Hein
Christine Hein
CFO
Signature Matthias Magnor
Matthias Magnor
CONTRACT
Division
Signature Ulrike Riedel
Ulrike Riedel
Labor Relations
Director