Amidst a year fraught by unprecedented economic uncertainty, HOYER Group has announced an annual turnover of Є1.119bn (previous year Є1.177bn).
Through good management practice and a robust business portfolio, the family-owned bulk logistics provider also saw an operating cash flow of Є92m, compared with the previous year’s Є82.8m.
Starting 2020 with reduced demand in transport logistics for European service station and airport supplies, the company managed to adapt by focusing on their international potential. This allowed the company a degree of business stability, choosing to focus on high-demand areas such as overseas logistics, workshops, disinfectants, oxygen, and dry ice.
Gerd Peters, Chief Financial Officer of the HOYER Group, said, “The global economic and health crisis in 2020 confronted the economy and industry with hitherto unknown new challenges.”
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