The Board of Management of BLG Logistics has presented the results of the 2014 financial year. BLG head Frank Dreeke[ds_preview] stated: »We had anticipated that 2014 would be a difficult year. Nevertheless, we succeeded in achieving and even surpassing the targets we set in terms of sales and earnings.« According to him one reason was the positive business development among existing clients. In addition, BLG was able to successfully acquire a number of new orders.
For 2014 the corporate group reported sales of 882.8mill. €, representing a plus of 3.3%. Growth was equally accounted for by all divisions. The pre-tax earnings (EBT) rose by 17.4mill. € to 30.1mill. €. Major influencing factors here included the increased earnings in the Automobile and Container Divisions as well as the absence of one-off effects from 2013, namely restructuring of BLG’s commitment in Ukraine.
Frank Dreeke provided an outlook for 2015 at the balance sheet press conference: »I anticipate continuation of the moderate growth course. We assume that sales in the Contract Division will rise by 4 to 5%. That’s where we still see the best opportunities since the market is very heterogeneous with plenty of potential customers.« In the Automobile Division he expects sales growth of 3 to 4% for 2015. For this reason BLG is investing in the Bremerhaven Auto Terminal. The estimation sales in the Container Division will increase by 2.5 to 3.5%, said Dreeke.
