News
HOYER generates record earnings
Turnover, at EUR 1,107m, was around EUR 20m above the level attained in the previous year (EUR 1,087m) exceeding the family-run company’s expectations. The Petrolog (fuels and bitumen) business units increased its turnover by 1% over the previous year.
The largest percentage increase in turnover (+5%) in 2014 was posted by the Gaslog business unit, which is responsible for transport logistics with industrial gases. This growth rate was almost equalled by the overseas activities bundled in the Deep Sea business unit: around 4% more than in 2013. With 36%, the Chemilog business unit again accounted for the largest proportion of the logistics specialists’ revenues, although it had to endure a slight decrease in its result. This was a consequence of the immense pressure on prices in the market and a barely increased production volume in the chemicals industry.
“Although we expect to see an increase in economic growth in 2015, we are also anticipating a persistently high intensity of global competition,” said Thomas Hoyer, shareholder and advisory board chairman. We nevertheless intend to carry on growing in 2015 thanks to the expansion of our international activities and further strategic collaborations.”
In 2014, HOYER had around 34,000 tank containers, 3,000 road tankers, 24,000 intermediate bulk containers and 2,500 trucks in action around the world for HOYER. The vehicles’ ongoing conversion to motor technology in compliance with the Euro-6 norm was accompanied by the increased use of electronic driving and monitoring assistants. The company employed 5,098 people in 2014. www.hoyer-group.com
SEE THE APRIL 2015 ISSUE OF FUEL OIL NEWS FOR AN INTERVIEW WITH HOYER’S OPERATIONS DIRECTOR, ALLAN DAVISON