HOYER Group presents ‘solid’ 2020 annual report
The COVID-19 virus led to a significant downturn in gross domestic products and economic performances worldwide for HOYER, due to temporary business closures, curfews, and contact restrictions.
The pandemic severely affected worldwide economic trends in the 2020 fiscal year, challenging the international logistics specialist.
During the pandemic, HOYER Group operated as a solution provider for logistics services in the chemical, petroleum, gas, and foodstuffs industries. This ensured a certain degree of stabilisation.
Owing to its balanced business portfolio, the HOYER Group overcame occasional severe declines in demand at the start of 2020. While demands were reduced in transport logistics for European service station and airport supplies, logistics and technical services overseas such as workshops and depot facilities recorded increased demand. Within the chemical and gas businesses, HOYER recorded both product-specific downturns as well as demand peaks.
Chief financial officer of the HOYER Group, Gerd Peters, said: “The global economic and health crisis in 2020 confronted the economy and industry with hitherto unknown new challenges,
“Increased efficiency, agile operational management, optimised utilisation of our fleet’s capacity, and conscious cost management enabled altogether very good, stable liquidity and credit rating.”
As a result of good crisis management, the logistics specialist carried out important strategic investments as planned despite the economic crisis.
Björn Schniederkötter, chief executive officer of HOYER Group, said: “HOYER proved absolute reliability and flexibility in all the areas of logistics.
“We did not allow any trade-offs in the quality of service for our customers – which was always fully maintained even in relation to orders at short notice, thanks to the tireless efforts of our workforce.”
HOYER Group acts efficiently and reliably – both internationally and regionally. With 115 representative offices globally and around 6,200 employees to support customers in the chemical, petroleum, gas, and foodstuff industries.
For more information visit www.hoyer-group.com
28th May 2021
