Röhlig Annual Report 2012 Rohlig_Annual_Report_2012.pdf

MANAGEMENT REPORT | divisions and REGionsdivisions and REGions | MANAGEMENT REPORTCoNSoLIdATed CoMPANIeSGermanyIn Germany in 2012 there was a greater focus onimproving the income situation combined with astrict cost control, which led in the second half ofthe year to a positive trend in terms of profits. Inthe year under review, the company in particularsuccessfully expanded its project business. thevolatility of the rate schedule particularly impactedon the margins to the Far east. In 2013 we areexpecting the positive business development tocontinue.GerMANy*in teur 2012 2011Gross profit 21,567 20,509thereof: Sea freight 10,498 10,471Air freight 8,366 8,126Other services 2,703 1,912Adjusted net income -1,671 -1,705thereof: Sea freight and Air freight 228 -604Holding/IBG/Blue Services/blue-net -1,899 -1,101employees 341 337trainees 45 42* röhlig & Co. Holding GmbH & Co. KG, röhlig DeutschlandGmbH & Co. KG, r+C Commodity GmbH & Co. KG,Internationale Beteiligungsgesellschaft mbH, röhligblue-net GmbH & Co. KG, Blue Services GmbH & Co. KGEurope (excl. Germany)In europe, the recession was clearly recognis ableand led overall to a drop in gross profit. Havingsaid that, the individual subsidiaries developeddifferently. thus, the röhlig subsidiaries inFrance and Denmark increased their gross profityear-on-year, while the trend in Great Britain andthe netherlands was constant, and in Belgium,Italy and Spain gross profit nosedived.eUroPe (exCL. GerMANy)*in teur 2012 2011Gross profit 25,456 26,094thereof: Sea freight 16,157 16,678Air freight 8,170 9,054Other services 1,129 362Adjusted net income -670 684employees 268 266* Belgium, Denmark, France, Great Britain, Italy,the netherlands, SpainIn the netherlands, the financial situation couldbe held at a stable level, despite the tense marketsituation, due to the successful focus on the newSupply Chain Management business segment.In Great Britain, we were able to keep grossprofit at the previous year’s level in the year underreview, but even here there was a decline inthe result due to the high margin pressure. In theSupply Chain Management segment, röhlig uKwas able to further extend its range of warehousingservices.In Italy, Spain and Belgium, we had to make upfor the loss of a key account as well as high marginpressure, but success was limited. However,in Italy we managed to notch up our first positiveexperiences in the Supply Chain Managementsegment. Despite the recession, we are expectingfurther impetus for 2013 in this field. Spainis still in a very difficult economic situ ation. thefocus here is on expanding the transatlantic business.In Belgium, we will utilise cost-cutting potentialby streamlining administrative processes.röhlig France managed to generate a slight increasein gross profit. the margin pressure couldalso be clearly felt in France. We invested in anew office in le Havre and also in developingnew products, and for this reason we could onlyachieve a satisfactory result.Our company in Denmark boasted a sharp increasein gross profit of 32 per cent. At the sametime, we have invested in the sales area and indeveloping air freight products, although thishad a negative impact on the result.Pacific (Australia/New Zealand)In Australia, we experienced a fall in customer demandin the air freight sector. therefore, in 2012we were not quite able to replicate the positiveresult from 2011. Increasingly, we are observing asplit in the Australian market between fast-growingcommodities industries in the west and otherindustries in the rest of the country where growthis levelling off. In new Zealand, the result was alsodown on 2011, but it was still satisfactory. We acquirednew business in 2012 very successfully andare extremely confident about the prospects for2013.AUSTrALIA/New ZeALANdin teur 2012 2011Gross profit 23,086 19,762thereof: Sea freight 13,901 11,661Air freight 8,867 7,977Other services 318 124Adjusted net income 2,354 2,659employees 228 210Asiathe company Hong Kong/South China was ableto achieve a very good result, whereas the resultsin Korea and Singapore were down on the previousyear. Despite the decline in exports to europeand the uSA, we were able to expand the businessin Hong Kong and Southern China. new businesswas primarily acquired in the Supply ChainManagement sector. In Singapore, we merged thesea freight and air freight activities at one locationwith a large warehouse and are thereforeable to offer our customers better capacities inthe area of supply chain management products.the subsidiary in Korea invested heavily in salesin 2012 and was therefore unable to achieve theprevious year’s result.ASIA*in teur 2012 2011Gross profit 13,420 12,068thereof: Sea freight 7,882 7,001Air freight 5,073 4,406Other services 465 662Adjusted net income 4,440 4,296employees 196 185* Blue Services India, Hong Kong/South China, Korea,SingaporeAmericaIn America, the financial year 2012 was characterisedby the integration of the new affiliatedcompanies in the röhlig Group, in that we will beincluding Argentina, uruguay and paraguay in theannual financial statements for the first time. Boliviawill be included in the group of consolidatedcompanies for the first time in 2013. In paraguayand uruguay, the result was negatively affectedby restructuring and higher costs. In Argentina,the current political situation, in particular theextreme import restrictions, influenced the resultand led to a loss.Weiss-röhlig uSA was able to improve on theprevious year’s gross profit by 38 per cent andin turn achieve an outstanding result. In 2012,the focus was on fully integrating the companiesSeajet in Boston and CSI International in Chicago,which were acquired in 2011. Moreover, we investedin extending the management and sales to(i)Weiss-röhlig uSAachieved an outstandingresult once again.18 19