Rohlig Annual Report 2008.pdf - Röhlig

MANAGEMENT REPORT | GROSS PROFIT By DIvISION AND REGION
14
Divisions
Regions
Concentrating on core competencies –
increasing market shares in sea and air freight
The US-led global recession already had a noticeable
impact on air freight in the third quarter.
In December 2008, the decline in freight volumes
registered its low point at 22.8 per cent, refl ected
in a dramatic fall in air freight. Although IATA
fi gures show the air freight market contracting by
four per cent on an annual basis, Röhlig was able
to hold gross profi t stable in this sector.
Growth slowed in sea freight in the third quarter
with container volumes transported recording a
decline in the fi nal quarter of 2008. The Global
Insight Institute calculated growth of 4.3 per cent
for the entire market over the previous year. In
this sector Röhlig increased gross profi t by 10.2
per cent, which thus indicates a growth in market
share. In fi nancial terms, the percentage of sea
freight in the overall business operations increased
correspondingly from 56.7 to 59.3 per cent.
Gross profi t by division 2008 2007
in Euro ’000/ Shares
Sea freight 46,136 59.3% 41,873 56.7%
Air freight 31,423 40.3% 31,379 42.5%
Other 499 0.4% 601 0.8%
Total 77,850 100% 73,853 100%
Succesfull on the US-market
In the last business year, America recorded the
highest growth rate of all regions with 11.9 per
cent. Its proportion of total gross profi t increased
correspondingly. Asia and Europe also demonstrated
its ability to achieve growth that was higher
than expected.
In contrast, the negligible gross profi t growth in
Australia and New Zealand does not refl ect the
real situation. This region also actually achieved
double-digit growth of 11.8 per cent when measured
in the local currencies. However, due to the
Australian Dollar’s loss of value, a lower level of
growth was refl ected in the consolidated companies’
accounts as these are measured in Euro.
Gross profi t by region 2008 2007
in Euro ’000/ Shares
Germany 21,489 27.6% 21,588 29.2%
Europe (excl. Germany) 23,366 30.0% 21,466 29.1%
Australia/New Zealand 15,521 19.9% 15,006 20.3%
Asia 7,866 10.1% 7,205 9.8%
America 9,608 12.4% 8,588 11.6%
Total 77,850 100% 73,853 100%
Gross profi t by division/region in Euro ’000/Shares
46,136
59.3%
Germany
499
0.4%
31,423
40.3%
2008 Sea freight
Air freight
Other
9,608
12.4%
7,866
10.1%
15,521
19.9%
2008
21,489
27.6%
23,366
30.0%
Germany
Europe (excl. Germany)
Australia/New Zealand
Asia
America
Since 1 April 2008, the two former separate sea
and air freight companies have been trading under
the name of Röhlig Deutschland GmbH & co. kG.
Re-structuring measures and consulting, as well
as the move of our largest German offi ce in Hamburg,
led to non-recurring costs, which could not
be met even by the slight rise in gross profi t. As a
result, earnings from the operating companies in
Germany fell by Euro 1.097 million to Euro 1.938
million. Despite this decrease, Röhlig Deutschland
still made the largest contribution to the results of
all consolidated companies.