Preliminary business figures - Röhlig Logistics surpasses last year's results
Bremen, February 14, 2023 – The owner-managed logistics company Röhlig Logistics has significantly increased its earnings in 2022, based on preliminary business figures.
Philip W. Herwig, Managing Partner at Röhlig Logistics, explains, "2022 is the most successful year in our company's history and we have exceeded our strong result from 2021. We increased our EBIT from 61 million euros to 84 million euros and all our core business areas including ocean freight, air freight and contract logistics contributed to the very good result. Our business model of being close to the customer with analog and digital solutions, as well as implementing individual solutions quickly and flexibly has proven its worth in a time of multiple crises. We view long-term partnerships with our customers and the continuous expansion of our global network to be the basis of our success."
In the past fiscal year 2022, Röhlig continued to implement its Blue Star strategy program to drive the company's long-term success in 2023. The aim is to ensure the company's independence and attractiveness to customers, employees and suppliers primarily through organic growth. In this context, Röhlig is placing a particular focus on the further development of its digital expertise and the associated expansion of its digital services in close cooperation with the two successful spin-offs <cargonerds> and logineer.
Positive development in the core markets and beyond
In the reporting year 2022, the gross profit generated grew from EUR 213 million to EUR 276 million. The positive development of the core markets of Australia, Germany, South Africa and the USA made a particular contribution. However, regions such as Southern Europe and LATAM, as well as the United Arab Emirates branch which was opened in 2021, also contributed to the positive business result. Röhlig expanded its network by opening branches in Brazil and Switzerland and strengthened its presence with additional offices in Belgium, China, India, Mexico, Thailand and the USA.
Continued strong growth in core business
Compared to 2021, Röhlig's gross profit in sea freight increased by 58 percent. Gross profit in air freight increased by 31 percent. Hylton Gray, Chief Executive Officer Sea Freight, Air Freight, Contract Logistics & Sales at Röhlig Logistics, explains, "2022 was another very challenging year. However, we are very pleased with our results. In sea freight, we were able to offer our customers additional space and expand our business in the first half of the year despite the freight space bottlenecks. When the situation changed drastically in the second half of the year, we adapted quickly and flexibly in order to continue offering our customers tailor-made solutions. In air freight, despite the deterioration in the global market environment compared to the previous year, we actually grew disproportionately from our core markets."
In contract logistics, Röhlig improved its gross profit by 11 percent. Hylton Gray explains, "Our joint venture Röhlig Penske Logistics, with locations in Germany and the Netherlands, has resulted in a tripling of our warehouse space in Europe in 2022, enabling us to expand our customer base to include multinational blue-chip customers. This is based on the successful merger of two teams in Europe, on which we placed a special focus in the past fiscal year." Due to the high demand for warehouse space, Röhlig has further expanded its capacities in Southeast Asia and Oceania.
Outlook
"Even in a currently weakening market environment, we will continue to focus on growth in our core business, as well as the expansion of both our digital expertise and global network in 2023," says Philip W. Herwig.
