Whereas investments undertaken in 2018 to replace and expand transport equipment and to modernise the tank container fleet amounted to EUR 83.9 million, the Hamburg-based logistics specialist has doubled the investment volume for 2019.
The planned investment package is divided among the areas of business development, fixed assets, acquisition and replacement investments together with further development of the Smart Logistics digitalisation strategy. “We will also use the 2019 investment budget to determinedly achieve further expansion of Smart Logistics and Supply Chain Services – and thus of our competitive advantage,” explained Thomas Hoyer, Chairman of the Advisory Board of the Hoyer Group, who was awarded the 2018 Hamburg Founder’s Prize for his lifetime’s work.
With a turnover of EUR 1.167 billion, the equity ratio rose to 44 per cent (previous year: 41 per cent). The result before taxes on income was EUR 40.218 million. A stable financial situation enables the family business to continue its digitalisation strategy at a high level of investment.
The current fiscal year’s budget is EUR 173 million, and thus the highest in the company’s history. The group will use the solid financial foundation generated in 2018 to further expand its international presence and to invest in logistics solutions for the future.
Hoyer, a traditional independent family business, has been one of the world’s leading bulk logistics providers since 1946. It develops and implements comprehensive solutions in European and worldwide bulk logistics, particularly in the chemical, food, gas and petroleum industries. 6,500 employees in more than 115 countries support clients with logistics solutions. Hoyer owns around 2,400 trucks, 2,700 road tankers, 43,100 IBCs, 39,200 tank containers and numerous logistics installations with depots, cleaning plants and workshops.
