Röhlig releases 2023 financial results

Owner-managed company, Röhlig Logistics, achieved a strong result in the 2023 financial year, which it says is thanks to the acquisition of new customers and the corresponding increase in orders.

The company earned an EBIT of about 20 million (EUR) in 2023, to which all of the core business areas – sea freight, air freight and contract logistics – contributed.

“In view of the stabilisation of global supply chains and the associated decline in freight rates, the figures for the 2023 reporting year are, as expected, below the record results of 2021 and 2022,” said Managing Partner, Philip W. Herwig. “We have adapted quickly and flexibly to the changed market situation and have thus expanded our earnings very solidly compared to the pre-pandemic level.”

The gross profit generated in the 2023 financial year totalled around 222 million (EUR). The core markets of Australia, New Zealand, South Africa and the United Arab Emirates made a particular contribution to this. The country organisations in Mexico, Italy and France also recorded very positive developments, the company said.

Following extensive preparations in the 2022 financial year, Röhlig entered Brazil, another core Latin American. It has also expanded its global presence by opening a national organisation in Japan with a branch in Osaka and strengthened its presence with new offices in Spain, Belgium, Malaysia, India and Thailand.

The sea freight market was characterised by declining freight volumes in the past 2023 financial year. The market-related decline in volumes was also noticeable in air freight, and the end of the coronavirus pandemic eased global supply chains. However, by consistently focusing on new customers and new business, Röhlig was able to buck the trend and increase the number of orders in all business areas by a good six per cent last year.

“Ongoing geopolitical risks and trouble spots as well as market volatility have characterised the past financial year and will continue to be a challenge,” said CEO Sea Freight, Air Freight, Contract Logistics & Sales, Hylton Gray. “Nevertheless, we were able to successfully expand our market position by tapping into new markets and onboarding numerous new customers. Our investment in our sales team, which we have expanded by 100 employees, has contributed to this development. Our increased focus in key verticals is also paying off.”

In other news, two heavy goods vehicles from the UK will help train hundreds of new and existing truck drivers in Zambia.

 

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