Road logistics ensures Dachser's growth
Even as the global economy became increasingly weaker, Dachser was able to continue growing in 2019. The logistics provider raised its consolidated net revenue by a solid 1.6% to EUR 5.66 billion. Driving this growth was again the road logistics segment, net revenue rose by 2.9% to EUR 4.60 billion.
In contrast, the air & sea logistics segment saw a decline of 4.1%, mainly attributable to weaker demand for air freight services for automotive customers. Although the number of shipments was down by around 3.7% from 83.7 to 80.6 million, tonnage fell only slightly compared to the previous year, slipping by 1% from 41.4 to 41 million t.
Investments around EUR 150 million are planned for the current year. However, due to the coronavirus outbreak, Dachser, like many companies, will have to readjust its targets.
Simon Dachser explains: “The final impact on our business is difficult to predict; all we can do is reassess the situation daily and respond accordingly. In view of the current restrictions on business activities, we can’t avoid a downturn in volume in our industrial goods business, especially in Spain and France." (mw)