The Hellmann Group looks back upon a successful fiscal year 2018. Earnings before taxes (EBT) amount to 71 million EUR and have thus more than tripled compared to the previous year.
While consolidated sales remained stable at 2.5 billion EUR, gross profit improved significantly over the previous year by 5 percent. Strict cost management and at the same time, efficiency optimisation in various areas and regions led to a significant increase in net income for the year.
Volume increases in the individual product lines also made a significant contribution to this positive result.
With a 6 percent increase in the number of TEUs, the sea freight business is still on course for growth and has been able to improve its margin. The air freight division also continued the tonnage growth of recent years in 2018. In the Road & Rail division, the increase in tonnage could be maintained at a high level, with the Rail Solutions International business on the so-called Iron Silk Road recording an increase in TEU of more than 20 percent compared to the previous year and gaining strategically important new customers. At country level, we saw positive developments in Air & Sea in Germany. Positive business and earnings development in Mexico are also of particular note.
Changes to the Management Board in the past fiscal year saw Reiner Heiken appointed CEO and Dr. Michael Noth take on the role of CFO, meaning that since the start of the current fiscal year and for the first time, the Hellmann Group is being led by an entirely non-family Board.
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