Honold satisfied with past business year
The Honold Group reported a turnover of EUR 265 million in 2018, a 9% increase compared to EUR 243 million in 2017. The German service provider achieved the upsurge through organic growth.
The result does not include Honold’s acquisition of the company Eiltrans, with branches in western and southern Germany, as the takeover only took effect in January 2019.
Heiner Matthias Honold describes the 2018 result as "satisfactory". Both sales and operating profit are better than in 2017 and exceeded the prediction. The number of employees increased from 1,357 in 2017 to 1,472 in 2018. Honold expects an increase in sales under pressure on margins in its transport sector this year.
In the group’s logistics division, tender management was reorganized in order to be closer to the market. The logistics business is developing as budgeted despite increasing competition. (mw)