Photo: Hegelmann Group Press Materials

Hegelmann Transport records €8.7m profit in 2022 – a 40% increase on 2021

Lithuanian-registered logistics company Hegelmann Transport has recorded 2022 profits a whopping 40% higher than it managed in 2021.

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As reported by trans.iNFO’s Lithuanian service, Hegelmann reported annual revenue of €367.6m last year.

When it comes to net profit, Hegelmann pocketed €8.7m in 2022, which is 40% more than the year before.

This year, the company has stated its intention to renew its transport fleet and invest in construction. However, the specifics of these plans are not yet known.

Last year, the company paid out €117,6o0 to shareholders in the form of dividends.

Hegelmann Transport currently employs a workforce of almost 1,500 employees, data from Lithuania’s company database shows. The shares of the company are owned in their entirety by two German citizens.