Photo credits @ Hellmann Logistics Worldwide

Hellmann maintained and increased market share in 2023, latest financial report reveals

Hellmann Worldwide Logistics reports a successful 2023 despite ongoing market challenges. The company defied industry trends by maintaining stable order volumes of around 20 million shipments, leading to market share growth, particularly in the Airfreight and Seafreight sectors.

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Revenue for 2023 reached €3.5 billion, exceeding pre-pandemic levels. This decrease from €5.0 billion in 2022 reflects a predicted normalisation of freight rates following pandemic highs.

Hellmann also reports financial strengthening with a 4.4% increase in equity to €405 million (up from €388 million in 2022) and an improved equity ratio of 35% (up from 28%).

Strategic investments for international growth included establishing a new national organisation in Ireland and completing acquisitions in Italy, Slovakia, and the Baltic States. The company further emphasised ongoing investments in IT infrastructure and digitalisation initiatives.

The past year saw industry-wide rate declines and overcapacity in many areas, said Reiner Heiken, outgoing CEO of Hellmann Worldwide Logistics. Despite these challenges, we maintained shipment volumes and gained market share. This resilience highlights our adaptability in a dynamic market.

Heiken also expressed confidence in the company’s future under incoming CEO Jens Drewes, who will assume leadership on June 1st. Jens Drewes will build upon the strong foundation we’ve established, Heiken said.

Drewes echoed this sentiment, stating his intention to “further develop the family business and expand our market position alongside the company’s international leadership and workforce.

Martin Eberle, Hellmann’s Chief Financial Officer, emphasised the company’s commitment to continued investment.

Our strong financial position allows us to prioritise strategic and technological advancements, Eberle said. This includes digitalisation, fostering environmental sustainability innovations, and investing in our over 12,000 employees worldwide.