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GRI
Financial core indicators 2010
Administration report for Schenker AB
Operations
The company carries on transport and logistics operations and provides
consultancy services within these areas.
The company is a wholly-owned subsidiary of Schenker North AB
(556361-1762), Gothenburg, which is in turn a wholly-owned subsidiary
of BTL AB (556016-4310), Gothenburg, which is in turn a
wholly-owned subsidiary of Schenker International AB (556557-2897),
Gothenburg. The consolidated accounts are prepared by Schenker International
AB’s ultimate parent company, Deutsche Bahn AG, Berlin,
Germany. The subsidiary Schenker Consulting AB is operated on commission
with Schenker AB. Privpak AB and Schenker Åkeri AB, which
are owned by Schenker North AB, are also operated on commission
with Schenker AB.
Key events during the year
Operations during the year began to recover from the global financial
crisis, which has had a positive impact on volumes. The number of
consignments transported increased during 2010 compared with
2009 by 7.9% to approximately 18.8 million. Net sales amounted to
SEK 12.7 billion, which is an increase of 8.9% compared with 2009.
In September 2010, the Group company Hangartner AB merged with
Schenker AB. Hangartner carries on combined traffic (rail/road) within
Europe. During 2009, these operations generated net sales of SEK 506
million with around 40 employees. The new company is included in the
results for the hole of 2010. The operating profit was SEK 161 million,
which is a fall of SEK 43 million compared with 2009.
During 2010, the company, to a greater extent than previously, was
charged with costs for administrative services from central functions
at the owner companies. Together with the merger with Hangartner
this resulted in an increase in administrative costs and a fall in the
operating profit compared with 2009. The underlying operating profit,
however, increased compared with 2009.
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