The BLG Group operates externally under the BLG LOGISTICS brand. BLG LOGISTICS, headquartered in Bremen, is an international seaport and logistics service provider. With almost 100 companies and offices, we are present in Europe, America, Africa and Asia. We offer comprehensive system services in automotive, contract and container logistics along the entire supply chain. We provide our industrial and commercial customers with complex integrated logistics services tailored to their specific requirements.
BLG LOGISTICS operates in three divisions. The reporting also follows this structure. The AUTOMOBILE and CONTRACT Divisions are subdivided into business areas and/or regions.
The AUTOMOBILE Division is a leading terminal, technical and logistics service provider for the international automotive industry. BLG LOGISTICS offers extensive logistics services with its seaport terminals for car handling on the Rhine and Danube as well as in inland terminals. In addition to passenger car handling, services include vehicle storage, technical services and multimodal distribution services provided to customers by road, rail and inland waterways. The AUTOMOBILE Division is divided into the six business areas of seaport terminals, technical services, inland terminals, transport, rail and CED & MED (formerly South/Eastern Europe).
In the CONTRACT Division, BLG LOGISTICS handles complex logistics projects and offers customers reliable solutions for upstream and downstream distribution. The focus is on procurement, production and distribution logistics as well as returns and spare parts logistics. BLG LOGISTICS stores, transports, packs and unpacks; processes conventional orders and handles e-commerce; and offers a wide range of value-added services in seven regions in Germany and overseas. In addition, the division is active in the areas of distribution and port logistics.
The CONTAINER Division is represented by the EUROGATE joint venture. The EUROGATE Group, in which BLG LOGISTICS holds a 50 percent stake, is a shipping line-independent container terminal group with operations predominantly in and around Europe. In a network with the Italian terminal operator CONTSHIP Italia, the company operates twelve container terminals from the North Sea to the Mediterranean. Its core business includes container handling at terminal locations in Germany, Italy, Morocco, Cyprus and Egypt. In addition, EUROGATE offers a number of other services, including seaworthy packaging, container depots, maintenance and repair, and intermodal transport.
Revenue recognition
In the AUTOMOBILE Division, revenue is generally recognized in the amount authorized for invoicing, as the invoiced amounts correspond directly to the value of the services rendered to date. Services are primarily invoiced and paid on a monthly basis, with the calculation based on the number of vehicles handled or transported and the agreed unit prices. In certain scenarios, the invoice is issued before the performance obligation is fully met or only once all performance steps have been executed. The portion of the consideration received from customers for which the services have not yet been performed is recognized under contract liabilities in the statement of financial position. In these cases, the revenue is only recognized once the services have been transferred to the customer. Services already performed for which no invoice has yet been issued are recognized under contract assets in the statement of financial position.
In the CONTRACT Division, revenue is generally recognized in the amount authorized for invoicing, as the invoiced amounts correspond directly to the value of the services rendered to date. Services are primarily invoiced and paid on a monthly basis, Capital-intensive services such as the provision of space and storage facilities are largely invoiced at fixed prices, but occasionally also according to actual use. The invoicing of personnel-intensive services is based on prices per performance unit or a combination of fixed basic remuneration and variable remuneration per performance unit, sometimes using volume tiers.