Successfully accomplished

War in Ukraine, increasing energy costs, inflation, skilled labor shortage, climate change — despite all ongoing crises, BLG LOGISTICS accomplished all tasks and closed the 2023 financial year much better than expected. At the same time, we took important decisions for the future.

Truck that is being loaded with cars (Photo)

Our business has not become easier. Once again in 2023, it was affected by geopolitical conflicts and global economic crises. Nevertheless, BLG LOGISTICS performed well. Our AUTOMOBILE division even achieved significantly higher sales and profit. As expected, the CONTRACT division remained at around the previous year’s level. In contrast, the CONTAINER division was severely affected by the slump in demand and closed with a significantly poorer result. Total sales of the BLG LOGISTICS Group increased by 8.1 percent. However, our earnings before tax (EBT), at EUR 36.1 million, were 35.2 percent below the previous year.

We used this period of cooling productively: We achieved an economic turnaround at the BLG Autoterminal Bremerhaven. The road maps for the CONTRACT and AUTOMOBILE divisions have improved further processes and enabled us to utilize additional synergies. This is exactly what we need to remain robust, flexible and ready for the future in today’s multi-crisis world.

EUR 1.2
billion

Sales

Despite difficult market circumstances, the annual sales of BLG LOGISTICS increased by 8.1 percent. All divisions closed with a positive result.

EUR 36.1 million

Profit

However, earnings before tax (EBT) decreased overall by 35.2 percent. Container business suffered the largest downturn.

Overall, we achieved a respectable profit in financial year 2023. Considering the general economic situation, this is an impressive achievement. Our broad base contributed to this. But above all, it is thanks to our employees.

Christine Hein, Chief Financial Officer BLG LOGISTICS