Hellmann expands market position in 2023
Despite the continuous challenging market conditions, Hellmann Worldwide Logistics has successfully concluded the past year. Order volumes remained stable at around 20 million shipments, bucking the market trend and enabling Hellmann to expand its market position in 2023, particularly in the Airfreight and Seafreight product areas. The company also experienced international growth in its Contract Logistics division, acquiring new customers and establishing new warehouses, for example, in the US, Germany, India and Singapore. With total sales of EUR 3.5 billion (2022: EUR 5.0 billion), Hellmann achieved a solid result in 2023, topping pre-pandemic levels. The anticipated decline in total sales represents the result of an expected normalisation of the previously above-average freight rates during the pandemic. In addition, equity was strengthened by 4.4 % to EUR 405 million (2022: EUR 388 million) and the equity ratio increased from 28% to 35%.
Hellmann also successfully executed strategic measures for sustainable international growth in 2023. In addition to a continuation of its extensive investment in IT infrastructure and digitalisation measures, the company executed new important milestones in its global growth strategy with the establishment of a new country organisation in Ireland and further strategic acquisitions, such as in Italy, Slovakia and the Baltic States, highlighted a release.
Source: Exim News Service: Osnabrueck: (Germany), May 15