Hoyer’s revenues drop in 2018

Hoyer’s revenues totalled €1,167m (a 3% decrease year-on-year), the equity ratio rising to 44% (previous year: 41%). The earnings before taxes (EBIT) totalled €40.2m (a 0.9% decrease year-on-year).

At an international level, the Hoyer Group positioned itself especially in the Asian region. The Supply Chain Solutions (SCS) business line undertook additional on-site logistics activities by offering value added services at the industrial location of Shanghai.

Moreover, Hoyer further expanded its transport activities in China, and also created the Hoyer Logistics Australia joint venture, whose central business units are Deep Sea and Chemilog. Both business areas recorded slight turnover growth in 2018, and together they accounted for 58% of Hoyer Group’s total revenues.

The Petrolog business unit contributed 24% to total revenues in the past fiscal year. Despite a 7.2% drop in turnover, in 2018 Hoyer expanded as supplier of fuel to airports and aircraft in Europe.

The Gaslog business unit accounted for 10% of total turnover and recorded 4.5% turnover growth. The transport logistics business, including industrial, chemical and special gases, developed satisfactorily especially in Germany and the Netherlands.

The Netlog business unit, responsible for worldwide container management and technical services such as cleaning and maintenance and depot services, contributed 8% to total turnover.

The most significant turnover growth was shown by the Intermediate Bulk Container (IBC) business, where an acquisition in 2017 had a considerable effect, and the market showed a sustained positive trend.

In 2018, Hoyer earmarked €83.9m to replace and expand transport equipment and to modernise the tank container fleet, and in 2019 it doubled its investments to €173m, the highest in the company’s history.

The planned investments will be made across the areas of business development, fixed assets, acquisition and replacement investments and will see further development of the Smart Logistics digitalisation strategy.

The Digital Supply Chain is part of the Group’s digitalisation strategy. As part of it, more than one third of the containers were fitted with telematics to convert them into Smart Tanks. Ortwin Nast, Chief Executive Officer of the Hoyer Group commented: “We recognised the growing demand for specialised logistics services extending beyond transport. So that’s exactly where we are targeting our logistics solutions.”

The Hoyer Group will use the finances generated in 2018 to expand its international presence and to invest in logistics solutions.  As explained by Thomas Hoyer, Chairman of the Advisory Board of the Hoyer Group: “We will also use the 2019 investment budget to determinedly achieve further expansion of Smart Logistics and Supply Chain Services.”

Source: Hoyer Group