In 2024, Raben Group successfully weathered a year of geopolitical, economic, and regulatory storms, all while expanding its European footprint and doubling down on sustainability. Despite challenges from the ongoing war in Ukraine, slow European GDP growth, and shifting consumer sentiment, Raben continued to thrive, achieving €2.15bn in revenue — a 7.5% increase over 2023(€2bn).
The company’s financial breakdown shows that road transport was the dominant service, making up 65% of total revenue, followed by contract logistics at 13%, FTL & Intermodal at 9%, Fresh Logistics at 7%, and other segments such as Sea & Air and 4PL each contributing 2%. Notably, Raben has not disclosed its revenue by country for 2024, as it has in prior years, but it is clear that its European presence expanded considerably.
Key milestones included the launch of new contract logistics facilities across Lithuania, Germany, and Greece, with sustainability at the core of these investments. The €10m logistics centre in Thessaloniki and the integration of Austria and Italy into Raben’s network further bolstered its pan-European reach, enhancing its ability to service an even broader client base.
Looking to 2025, Raben’s outlook remains cautiously optimistic. The company stated that the expansion plans in Romania, the Czech Republic, and Slovakia are set to bolster its market presence, while the full opening of road border crossings between the EU, Romania, and Bulgaria will significantly improve transport efficiency across the region.
Author: Shruti Sasidharan
Source: Ti Insight
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