Report on forecasts and other statements regarding expected development
We also expect economically challenging conditions to persist for BLG LOGISTICS in 2026; due in part to the ongoing war in Ukraine, the consequences of further escalation in the Middle East, and possible disruptions to supply chains resulting from the tariff policy of the United States government. It is still too early to reliably estimate the impact this will have on the world economy, global trade flows and BLG LOGISTICS’ customers, meaning it is difficult to make an accurate forecast for the current year.
Interest income of BLG AG resulting from its financing activities to BLG KG is expected to decline substantially due to the anticipated stable to slightly decreasing benchmark interest rates.
Based on current estimates, BLG AG assumes that the management remuneration, which is dependent on BLG KG’s earnings under commercial law, will be below the maximum level.
Overall, BLG AG therefore expects earnings before taxes (EBT) for the 2026 financial year to be slightly below the level achieved in the 2025 financial year. With respect to our dividend policy, we plan to continue to allow our shareholders to participate to a reasonable extent in earnings in line with our business performance.
Apart from historical financial information, this annual report contains forward-looking statements on the future development of the business and the business performance of BLG AG, which are based on estimates, forecasts and expectations, and can be identified by wording such as “assume”, “expect” and similar terms. These statements may, of course, vary from actual future events or developments. We are not under any obligation to update these forward-looking statements in light of new information.
Final statement of the Board of Management in accordance with Section 312 (3) of the German Stock Corporation Act
BLG AG received appropriate consideration for each legal transaction covered in the report on relationships with affiliated companies. No other measures were taken or omitted. This assessment is based on the circumstances of which we were aware at the time the reportable transactions were conducted.
Bremen, March 31, 2026
BREMER LAGERHAUS-GESELLSCHAFT
-Aktiengesellschaft von 1877-
THE BOARD OF MANAGEMENT