The Hamburg logistics company HOYER reports successful first half year results for 2014. The operating earnings (EBITDA) increased by 18 per cent year on year as turnover remained stable.
Good results from the contract logistics area are partly responsible for the positive development in the first six months of 2014. The Petrolog and Foodlog business units made a substantial contribution, while the Gaslog business unit also increased its level of activity and resultant earnings compared with 2013.
The Supply Chain Solutions (SCS) area, which is part of the Techlog business unit, recently notched up a particular success by winning the bid to provide plant logistics for a major chemical company. This contract involves a complex outsourcing operation. SCS is pursuing further expansion projects in the Middle East and China.
“Our long-term strategy of expanding intermodal transport internationally and globally continues to hold good,” says Ortwin Nast, Chief Executive Officer of the HOYER Group. "We will continue to invest in developing terminals in strategically important regions such as China and Europe and to expand our fleet further.”
“Despite a slight economic recovery, the logistics industry is still under a lot of pressure as far as prices and margins are concerned,” adds Gerd Peters, Chief Financial Officer of the HOYER Group. “We will rise to the challenges involved and we remain optimistic about the second half of 2014.”
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