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Profits stable as annual revenues increase 1.2%
HOYER has reported a highly successful fiscal year. Turnover in 2017 reached €1,203.0 million, the highest sales in the Company’s history. This corresponds to 1.2% growth compared to the previous year (€1,189.0 million).
Earnings before taxes (EBT) were €40.6 million, the second-highest in the Company’s history (previous year €40.4 million). The return on sales was 3.4%, as in the previous year, and the equity ratio of 41.0% is at a very high level (previous year: 42.2%). The operational cash flow of the HOYER Group was increased to €75.2 million (previous year: €65.3 million).
The HOYER Group pursued consistent internationally aligned growth in 2017. As a result of the takeover of a French competitor, and with a fleet of more than 43,100 Intermediate Bulk Containers, HOYER is one of the leading companies worldwide in this segment.
The logistics company has also strengthened its operations in the North American and Asian regions. HOYER is now present for its customers in over 115 countries.
HOYER focused in the past year on further development of the Company’s own digitalisation strategy. The central element is the Smart Tank, which enables products in tank containers to be monitored by using innovative sensors.
Equipping the tank container fleet with the complex telematics was driven forward decisively in 2017. In the past fiscal year, the Company invested a total of around €90.0 million in innovations (previous year: €102.2 million).