Hellmann announces 2018 results and appoints a new CEO

The Hellmann Group has reported revenues of €2.5bn whilst EBIT more than tripled year-on-year to €71m and gross profit improved by 5%. Strict cost management at the same time as efficiency optimisation in various areas and regions reportedly led to a significant increase in net income for the year.

Volume increases in the individual product lines also made a significant contribution to the annual results. With a 6% increase in the number of TEUs, the seafreight business is still on course for growth and has been able to improve its margin. The airfreight division also continued the tonnage growth of recent years in 2018. In the Road&Rail division, the Rail Solutions International business on the Iron Silk Road saw a rise in TEU of more than 20% compared to 2018. New business wins are attributed to this increase. At country level, the developments in Air&Sea Germany as well as the business and earnings development in Mexico are of particular note. Hellmann is keen to invest in IT in 2019 in hopes it will drive global growth in 2019.

Changes to the Management Board in the past fiscal year saw Reiner Heiken appointed Chief Executive Officer and Dr. Michael Noth take on the role of Chief Financial Officer, 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. The two shareholders, Klaus and Jost Hellmann, will continue to be closely associated with the company through direct and indirect representation on the Supervisory Board.

“Our goal in the current fiscal year is to continue the company’s positive development from last year, to further develop the Hellmann Group in an innovative way and generate sustainable growth. The aim is to increase the level of digitisation in order to offer our customers even greater added value, while optimizing our internal processes. Additionally, we aim to expand the global network and our product portfolio further still.” Reiner Heiken, Chief Executive Officer, explained.

Source: Hellmann Worldwide Logistics