Hoyer to double its investments in 2019
The international logistics company Hoyer generated a turnover of EUR 1.167 billion in FY 2018, thus increasing its equity ratio to 44%. Earnings before taxes amounted to EUR 40.218 million.
In 2018, the Hamburg (Germany)-based provider spent EUR 83.9 million on replacing and expanding its transport equipment and upgrading its tank container fleet. For the current year (2019), Hoyer intends to double the volume of investment and put money into business development, fixed assets, acquisitions and replacements as well as the advancement of its smart logistics digitalisation strategy.
“With our investments in 2019 we will also focus on expanding our smart logistics und supply chain services,” says Thomas Hoyer, chairman of the advisory board of the Hoyer group. (mw)