The transport and logistics service provider HOYER concluded the 2014 financial year with a thoroughly successful result of €1.107bn - around €20m more than the level attained in the, also successful, previous year total of €1.087bn.
Pre-tax earnings totaled €38.6m (previous year €35.6m) with a pre-tax return on sales of 3.5% (previous year: 3.3%).
Therefore, both turnover and earnings reached record levels. Aside from that, equity, too, developed positively in the financial year ended, rising to €258m with an equity ratio of 42%. The number of employees, too, is increasing: all in all, the company employed 5,098 people in 2014.
The Hoyer Group offers a broad portfolio of services ranging from global chemicals transportation, food transport and gas logistics solutions to the provision of gas stations, airports and industrial plants with fuel. The largest percentage increase in turnover (5%) in 2014 was posted by the Gaslog business unit, which is responsible for transport logistics with industrial gases. This growth rate was almost equaled by the overseas activities bundled in the Deep Sea business unit: around 4% more than in 2013.
With 36%, the Chemilog business unit again accounted for the largest proportion of the logistics specialists’ revenues, although it had to endure a slight decrease in its result. This was a consequence of the immense pressure on prices in the market and a barely increased production volume in the chemicals industry. The Petrolog (fuels and bitumen) and Foodlog (foods) business units both increased their turnover by 1% over the previous year, while the Techlog business unit, which encompasses the Hoyer Group’s technical activities and the Supply Chain Solutions business line, improved its earnings.
HOYER again made large-scale investments in its own fleet. In 2014, there were around 34,000 tank containers, 3,000 road tankers, 24,000 intermediate bulk containers and 2,500 trucks in action around the world for HOYER.
The vehicles’ ongoing conversion to motor technology in compliance with the Euro-6 norm was accompanied by the increased use of electronic driving and monitoring assistants. In this way, HOYER again gave due consideration to the environment and safety in the interests of a corporate policy geared toward sustainability.
“In 2014, despite difficult general conditions and global economic growth that fell short of expectations, we again maintained our market position as one of the world’s leading providers of logistics solutions for liquid products,” says Thomas Hoyer, shareholder and Advisory Board Chairman at the HOYER Group. “Although we expect to see an increase in economic growth in 2015, we are also anticipating a persistently high intensity of global competition. We nevertheless intend to carry on growing in 2015 thanks to the expansion of our international activities and further strategic collaborations.”