Mixed results for Dachser
Despite a weak demand for logistics services in FY 2023, Dachser continued its successful expansion into strategic markets. The group’s revenue decreased by 12.5% to EUR 7.1 billion, accompanied by a fall in transported volumes and tonnage, due to a worldwide decline in air and sea freight rates.
However, the company also focused on productivity, networks, and quality, announcing many acquisitions and joint ventures in 2023 in cooperation with different companies in the Netherlands, Australia/New Zealand, Italy, South Africa, and Sweden. Dachser completed its European groupage network in Italy and invested a total of EUR 244 million into its projects.
The company’s road and European logistics segment saw growth in 2023, and food logistics also raised its revenue. Air & sea logistics were more affected by the global situation and the weak economy.
Dachser says that it will continue investing into long-term strategies in 2024 and strive to integrate its road logistics and air & sea business units. (mk)