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Hellmann Worldwide Logistics: Successful Business Year 2016
The results of the consolidated group are as follows: In 2016, Hellmann increased its gross profit by around 75.6 million EUR to 607.9 million EUR, which is an increase of approximately 14 percent. The operating result also developed positively. After taking all depreciation into account, the operative EBIT excluding non-recurring expenses amounted to 46.5 million EUR, resulting in an EBIT margin of 2.0 percent. Therefore, the Hellmann Group achieved a positive consolidated result in the two-digit million range in 2016.
The company's development last year reflects the successful realignment of the Hellmann Group, that was launched in 2015. These structuring measures ensure that Hellmann will remain and continue to be a strong contender in the future. Many of the company’s reformation entail key structural, operational and financial measures. They include the creation of three business units, establishing a superior management holding company, and converting the corporate status to the European SE. By introducing these measures, the Hellmann Group is laying the foundation to accommodate, adapt to and embrace the changing requirements of a digitized, global logistics industry.
"As of last year the reorganization sets us on course for the successful development of the Hellmann Group. Prerequisite for successfully implementing the structuring measures was the constructive cooperation within the Management Team and the Board. The positive Group result in a double-digit million range has exceeded the forecasts and I am confident that we will further increase earnings this year," said Dr. Thomas Knecht, Spokesperson for the Board of Management.
Jost Hellmann, Managing Partner, also shares this positive assessment of the course of business. "Last year, the Hellmann Group developed positively in all relevant areas. We have done our homework. We have taken the right path in reorganizing the Group and initiating the generational changeover – the Group result for 2016 makes this very clear."
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