- In 2018, for the first time in ten years, the company generates a profit
- Increase in turnover to € 468 million
Weinheim, 28th January 2019.
In 2018, for the first time in ten years, the trans-o-flex logistics group was able to generate a profit. “After having reached the break-even point in 2017, this result definitely shows that the rehabilitation of the company has been successful”, says Wolfgang P. Albeck, CEO of trans-o-flex. Traditionally, the company does not provide any information on the amount of profit.
For Albeck, the successful turnaround is “clear proof that our strategy of focusing on 100 percent quality has paid off.” For a logistic company, service quality is even more important than cost optimisation. “Together with efficiency, reliability is the highest value we can offer our customers.” In 2018, in addition to its focus on quality, trans-o-flex also continued its strategy of streamlining shipments, which began two years ago. “We have again disposed of shipments that do not fit into our structure or that were unprofitable”, explains Albeck. Despite streamlining shipments, the company’s turnover increased to 468 million euros. “This also reflects the consistent further development of our company into an express service provider, because the number of shipments we deliver on a particular day or to a time selected by the customer has increased both in relation to the total volume of all shipments and in absolute terms.”
In 2019, trans-o-flex intends to continue this growth course. The budget agreed upon with the shareholders provides for an investment volume of € 35 million for the current year. “We will invest this money primarily in the acquisition of new vehicles, IT and sorting technology. In addition to this, locations will be renewed and expanded”, explains Albeck. In 2018, trans-o-flex had a workforce of 2,047 employees, 0.6 % less than in the previous year. The number is expected to rise slightly in 2019. “We will be hiring additional staff, mainly in Sales and Customer Service.”
