Forwarding, Freight News

Hellmann UK makes strides

[ September 9, 2016   //   ]

Family-owned German logistics provider Hellmann Worldwide saw a significant improvement in its financial results in 2015, says UK managing director, Andy Connor.
While actual turnover in 2015 was similar to 2014, operating profit in all products improved significantly, benefitting from the full implementation of various initiatives to improve processes, operating procedures and procurement.
The Sea Freight division increased its operating profit by over 100% and European Road Freight reported bottom line improvements of over 30%.
So far in 2016, the consolidated operating profit is 8% ahead of budget and ahead of the financial results for 2015.
Whilst the full effects of Brexit still remain unknown, Hellmann UK says it is well positioned to cope with the inevitable challenges. Currency risks continue to prove challenging, especially with the after-effects on trading due to Sterling’s devaluation in wake of the Brexit vote. The UK’s decision to leave the EU saw Sterling slump to a 31-year low against the dollar and the Euro drop from £1.30 to €1.00 on the day of the referendum to £1.17 to €1.00.
Andy Connor went on: “Despite the period of uncertainty that Brexit has created, Hellmann will continue to move forward with future development plans.”
The company plans to expand the thriving Hellmann Account Manager graduate scheme in two new locations during 2017. Since its inception in November 2008, the scheme has grown from four members based at the UK headquarters in Lichfield to thirty in six UK branches.
In 2016, Hellmann UK launched a new distribution centre in Daventry, Northamptonshire in May to fulfil the demands of new and existing clients, providing plenty of scope to enter new markets.