HOYER Group presents good results for 2021

In 2021, HOYER once again proved to be a strong and reliable partner. The family-owned company achieved a revenue of 1.293 billion EUR, which was partially influenced by sea freight rates. Despite the challenges, HOYER increased its equity ratio to 45.3 percent and achieved a pre-tax profit of 46.2 million EUR through efficient transport and fleet management as well as a high utilization rate of tank container equipment.

(Hamburg) “The global economic performance recovered dynamically in 2021. While 2020 was negatively impacted by the pandemic, this new dynamism presented us with equally new challenges,” said Dr. Torben Reher, Chief Financial Officer of the HOYER Group. In global logistics, transport capacities became a bottleneck, particularly the cargo space on container ships was scarce, and freight costs rose significantly. “Despite various disruptions in the global value chain, the HOYER Group maintained its logistics services for its customers safely and reliably,” Reher added.

Comprehensive service portfolio as a success factor

Crucial for success in 2021 were the comprehensive service portfolio of HOYER and the commitment of its workforce: In-house workshops, cleaning facilities, and depots supported with short turnaround times and quick availability of equipment for their use. The global logistics expertise enabled flexible and rapid adjustments of transports during bottlenecks and pandemic-related port blockades. Value Added Services in factory logistics ensured the demand-oriented further processing and provision of customer products for transport. In addition to the overseas logistics of tank containers, there was also high demand for services related to Intermediate Bulk Containers (IBC) with smaller capacities of up to 1,100 liters. Consulting services remained in high demand in Europe due to the impacts of Brexit, as well as in China and the USA. The demand for stainless steel containers as a more sustainable alternative to plastic IBCs increased and was met by HOYER.

Action plan for hiring new drivers

HOYER cushioned significant demand fluctuations in the area of fuel logistics. During the year, a peak in demand coincided with an industry-wide driver shortage, leading to supply shortages in the United Kingdom and Germany. HOYER addressed this with a comprehensive action plan for hiring and training new drivers. A relatively stable demand at a high utilization level was observed in gas logistics, particularly for medical oxygen. To meet the large volume of transport requests, HOYER partially shifted logistics to intermodal transport and was able to stabilize supply at a high level.

Seeing opportunities in the crisis

“We also saw opportunities in the crisis. The entire workforce of HOYER has honored our credo ‘when it matters’ – starting from our drivers, our commercial employees to our management,” said Björn Schniederkötter, Chief Executive Officer of the HOYER Group. “Everyone contributed their part. We were in close contact with our customers and did everything possible to deliver reliably and safely in the usual quality.” Flexible and efficient deployment planning, proactive planning, differentiated fleet management, a pronounced solution orientation, and experience as an international logistics provider demonstrated what is possible even in challenging times.

115 representations worldwide

Worldwide, over 6,400 employees at HOYER support customers from the chemical, mineral oil, gas, and food industries with tailored logistics solutions along the supply chain. With 115 representations around the globe, the HOYER Group operates efficiently, reliably, and with the highest quality standards both internationally and regionally.

Photo: © HOYER Group / Caption: Dr. Torben Reher, CFO, and Björn Schniederkötter, CEO, are pleased with a good result in 2021