Hoyer reveals strong fiscal year figures
The international logistics specialist Hoyer closed the 2019 fiscal year positively as the company increased its turnover to €1.177 billion from €1.167 billion the previous year.
The company said that as earnings before taxes was €38.052 million, this was a solid balance sheet on which to confront the effects of the COVID-19 crisis and to continue central investments.
Hoyer said this success was in part due to volumes with service station supply contracts in the UK, new business and transport growth in the gas area, higher turnovers from tank container leasing, and currency effects in overseas business with a strong US dollar.
HOYER Group’s chairman of the advisory board Thomas Hoyer: “HOYER will remain one step ahead, even in times of crisis. The executive board manages prudently and sustainably.
“That enables targeted investments even in economically difficult times. This includes investments in a dangerous goods terminal, buildings and technical installations, further expansion of the Smart Logistics concept, state-of-the-art information technology, international business acquisitions and joint ventures.
“The HOYER Bulk LLC joint venture with the US-logistics specialist Dupré was begun in 2019 to continentally strengthen the overseas business.”
Ortwin Nast, chief executive officer of the HOYER Group: “Thanks to our global presence and strong network, we can meet our customers’ regional and international logistics needs along the supply chain in an optimum way.”
The company said that as earnings before taxes was €38.052 million, this was a solid balance sheet on which to confront the effects of the COVID-19 crisis and to continue central investments.
Hoyer said this success was in part due to volumes with service station supply contracts in the UK, new business and transport growth in the gas area, higher turnovers from tank container leasing, and currency effects in overseas business with a strong US dollar.
HOYER Group’s chairman of the advisory board Thomas Hoyer: “HOYER will remain one step ahead, even in times of crisis. The executive board manages prudently and sustainably.
“That enables targeted investments even in economically difficult times. This includes investments in a dangerous goods terminal, buildings and technical installations, further expansion of the Smart Logistics concept, state-of-the-art information technology, international business acquisitions and joint ventures.
“The HOYER Bulk LLC joint venture with the US-logistics specialist Dupré was begun in 2019 to continentally strengthen the overseas business.”
Ortwin Nast, chief executive officer of the HOYER Group: “Thanks to our global presence and strong network, we can meet our customers’ regional and international logistics needs along the supply chain in an optimum way.”
