Business
LOGISTICS company records 2.47 billion euros of net revenue/Investment volume of 187 million euros is the largest in the company’s history/Two thirds of the company’s own electricity needs in the DACH region are met with its own solar power
Lauterach, March 7, 2024. The international transport and logistics company Gebrüder Weiss ended its 2023 fiscal year with a net revenue of 2.47 billion euros (2022: 3 billion euros). Despite this decline, the company remains above its growth trend seen between 2015 and 2020.
The coronavirus-related effects of the two previous years did not persist in 2023. At 774 million euros, net revenue in the Air & Sea business area subsequently returned to levels seen in previous years. Given the higher freight rates shipping lines and airlines charged, Gebrüder Weiss generated 1.27 billion euros in this segment in the previous year.
Revenue was also stable in the Land Transport and Logistics business areas at 1.45 billion euros (2022: 1.48 billion euros), with declining energy and fuel prices. The equity ratio increased to 63 percent (2022: 60 percent), ensuring the company’s ability to handle crises and positioning it as an ideal employer.
“Despite the challenges posed by general economic conditions, we have been able to help our customers enjoy success in their global sales markets with our first-rate service and increase the presence of Gebrüder Weiss with new locations in the USA and Germany. This is due first and foremost to the wholehearted dedication shown by our employees. Geopolitical conflicts and weaker global economic output had a negative impact on revenue and transport volumes. Our stable financial situation meant that, in 2023, we were still able to implement a comprehensive investment program to expand both locations and services,” says Wolfram Senger-Weiss, CEO of Gebrüder Weiss. Many projects that had to be postponed as a result of COVID-19 could now be carried out in 2023.
Tags:
