HOYER, the transport and logistics services provider has announced slight turnover growth in the fiscal year 2016 just ended. The turnover of €1.189m was 0.3% above the previous year’s turnover (€1,185m). Thus the Hamburg family-owned company continues its sustained positive business trend in the 70th year of its existence.
The earnings before tax amounted to €40.4m, representing the second-highest pre-tax result in the company’s history (previous year: €43.2m). Return on sales was 3.4% (previous year: 3.7%). The equity ratio 42.2% was somewhat higher than in 2015 (41.8%). The number of staff employed by HOYER rose above 6,000 for the first time. This means a total of 6,079 employees worked for the company in the anniversary year 2016.
The HOYER Group’s investment volume remains high, amounting to €102.2m in the 2016 fiscal year (previous year: €112.7m). In this respect, current low transport equipment procurement costs were utilised to rejuvenate and modernise the tank container fleet.
HOYER Group shareholder and Chairman of the Advisory Board Thomas Hoyer said, “The size of our annual investments is astonishingly high compared to other family businesses in the logistics market, as well as in manufacturing or consumer goods industries. People often talk to me about this, but it is a particular feature of bulk transport and its special requirements. These major investments will prove to be good decisions in the medium and long term.”
In the context of digitisation, HOYER has started equipping containers with smart technology and is investing in high-performance, secure IT systems that guarantee connectivity to the various customer’s systems.
The HOYER Group is increasingly involved in the area of Supply Chain Solutions (SCS). This business line generated considerable turnover growth of 18% in 2016 compared to the previous year. Accordingly, the overarching Chemilog business unit again contributed the largest proportion (31%) of HOYER’s overall turnover. The volume of transport was maintained at the previous year’s level both in this business unit and in the Deep Sea business unit (overseas activities), although with slight turnover decreases due to the sustained margin and price erosion in the market. The Gaslog business unit held its ground in this challenging environment, and confirmed the previous year’s good figures. The Petrolog business unit recorded turnover growth of 9%, comprising mainly of supplies to service stations. The HOYER Group has combined its asset management processes in the newly-created Netlog business unit since 2016.
HOYER closes the fiscal year with above-plan earnings despite difficult economic framework conditions and market uncertainties in view of political developments in Europe and the US. In the service station supply and SCS area, for example, the trend in the order situation is good. Long-term forecasts for chemicals production are also positive and consequently the company sees itself as well positioned for the future, and plans to expand further its market position as one of the leading worldwide suppliers of logistics solutions for the transport of liquids in the coming years.