Hellmann Logistics ends FY2020 and Q12021 on strong footing

Stattimes31 May, 2021News

While the first half of 2020 was characterized by volume declines, especially in airfreight, volumes for the year as a whole were kept stable thanks to strong and flexible product management and the addition of numerous new customers. Despite a slight overall decline in volumes, the Hellmann Group was able to increase annual revenue by 4.4 percent to EUR 2.5 billion in 2020 and achieve an increased EBIT margin of 2.9 percent on the basis of stringent cost management and the implementation of more efficient corporate structures. Cash flow increased significantly last year, so that the group is net debt-free and thus on solid financial footing.?