The Bremen seaport and logistics service provider BLG noticeably lost profit last year, mainly due to lower container volumes. The bottom line is that the company earned around 33.4 million euros – a decrease of 35.2 percent compared to the previous year, as BLG announced on Monday.
“The result is slightly worse than last year, but is actually better than expected,” said CEO Frank Dreeke. He emphasized: “In view of the crises and challenges, this is a more than respectable achievement.”
Higher expectations for container handling
The BLG Logistics Group increased its sales by 8.1 percent to around 1.2 billion euros last year. According to the information, all divisions ended with a positive result – although the container division fell short of expectations: According to this, the throughput volume of 11.2 million standard containers fell by 5.1 percent in the face of crises and conflicts.
Source: www.transport-online.de