Air and overland transport enhance 2017 result
The Hellmann Group ended its 2017 business year with pre-tax earnings of EUR 22.2 million, 37% more year-on-year. The Osnabruck (Germany)-based logistics service provider also succeeded in boosting its overall turnover by 7% to EUR 3.2 billion.
The favourable figures were due in part to substantial volumes increases in the company’s product divisions. Global airfreight and overland transport shipments rose by 11.6% and 3.5% respectively in 2017.
Hellmann conveyed more than 557,000 t of airfreight and almost 17 million shipments overland in the year under review; the tonnage represents a significant increase in the group’s core business sectors.
The contract logistics division also developed positively by generating approximately 8% more gross profit. (mw)