Hoyer Group posts record sales in 2017

Hoyer again looks back on a highly successful fiscal year. Turnover achieved by the Hoyer Group in 2017 was €1,203m, the highest sales in its history. This corresponds to 1.2% growth compared to the previous year (€1,189). The internationally oriented Hamburg family business plans further investments in the future.

Earnings before taxes (EBT) were € 40.6m, the second-highest in the company’s history (previous year: €40.4m). The return on sales was 3.4%, as in the previous year, and the equity ratio of 41% is at a very high level (previous year: 42.2%). The operational cash flow of the Hoyer Group was increased to €75.2m (previous year: €65.3m).

Thomas Hoyer, Chairman of the Advisory Board of the Hoyer Group, commented: “More than 6,400 employees worldwide ensured a result in 2017 that is again above the sector average. We are very pleased with this closing figure.”

The Hoyer Group pursued consistent internationally aligned growth in 2017. By acquiring its French competitor, IBC (Intermediate Bulk Container), the company strengthened its market position in the container leasing area in Europe. The logistics company has also strengthened its operations in the North American and Asian regions. Hoyer is now present for its customers in over 115 countries.

Hoyer focused in the past year on further development of the company’s own digitalisation strategy. The central element is the Smart Tank, which enables products in tank containers to be monitored by using innovative sensors. Equipping the tank container fleet with the complex telematics was driven forward decisively in 2017. In the past fiscal year, the Hamburg logistics specialist invested a total of around €90.0m in innovations (previous year: €102.2m).

Ortwin Nast, Chief Executive Officer of the Hoyer Group, added: “We see innovation as an opportunity to fulfil our customers’ wishes better than others, and to design our processes to be more efficient, secure and economical.”

Source: Hoyer Group