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BREMEN, Germany: April 24, 2019. The BLG Logistics Group has reported a 4.9 percent year-on-year revenue increase for 2018 to €1.14 billion and a 12 percent rise in pre-tax earnings to €37.5 million.

The company’s automobile division processed 6.5 million vehicles during the year, up 3.6 percent over 2017, and revenue rose 0.5 percent to €553.1 million - ascribed by the company to “stable handling volumes and good business development in automobile transport by rail”. Earnings before tax rose 18 percent year-on-year to €15.5 million.

BLG Group executivesBLG said its contract logistics division produced the group’s best result in 2018 with revenue increasing 9.4 percent to €600 million and a pre-tax profit of €7.3 million - up from €4.6 million the previous year - as a result of new business in industrial and retail logistics.

Company CEO Frank Dreeke commented: “We can look back over a successful business year. Of course, we faced a few challenges, but we can also report a lot of good news, above all considering the difficult and volatile political and economic conditions in many regions around the world.”

The Eurogate container terminal handling company, in which BLG has a 50 percent stake, generated sales of €604 million last year – a drop of €2 million but described by Dreeke as in line with expectations under generally difficult conditions: “The global economic mood has darkened. Times remain challenging. We still don't know how Britain will define its relationship with the European Union or how possible trade sanctions will affect us and the level of uncertainty they will cause.”

Dreeke said he expected the group to produce sales equal to last year’s level by the end of 2019 and increase its pre-tax margin between five and eight percent. He also acknowledged the group had reduced its CO2 emissions by 21.5 percent in 2018 - two years ahead of schedule.

Pictured left to right: Industrial Relations director Dieter Schumacher; Automobile division Board member Andrea Eck; CFO Jens Bieniek; chairman of the Board Frank Dreeke; and Container division Board member Michael Blach.

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