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BREMER LAGERHAUS-GESELLSCHAFT -AKTIENGESELLSCHAFT VON 1877-

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BREMER LAGERHAUS GESELLSCHAFT von 1877 : 10 Years of RailTec in Falkenberg

09/06/2021 | 01:52am EDT

On September 9, 2021, BLG RailTec GmbH in Falkenberg/Uebigau celebrates its 10th anniversary. Every year, the train formation facility in Falkenberg handles rail cars carrying some 300,000 cars on their way to customers. With its approx. 100 employees, BLG's railroad hub in Southern Brandenburg creates an international connection to and from Eastern Europe. Each week, RailTec receives more than 500 rail wagons with new cars, e.g. from Slovakia. In its own marshalling yard, the company forms them into trains for national and international destinations.

'I want to thank our committed employees who have developed this site into a reliable European partner for rail logistics over the past 10 years. In automobile logistics, transport is increasingly moving onto the rails. This is vital to achieving climate protection goals. We're optimistic about the future,' says Andrea Eck, Head of the Automobile Division of BLG LOGISTICS in Bremen.

One new development that will help boost freight transport by rail is the digital automatic coupling. It enables faster formation of freight trains. BLG RailTec GmbH is currently preparing its workshop so that it can in future offer retrofitting of wagons with this technology. 'We believe technical innovations and the creation of system-relevant benefits are essential if we want to transfer more freight to greener rail transport,' adds Andrea Eck.


Corporate history
In 2011, BLG AutoRail GmbH purchased the decommissioned Falkenberg/Uebigau marshalling yard and founded its full subsidiary BLG RailTec GmbH. To recommission the facility, the company replaced 71 points, extensively upgraded 25 kilometers of track and reactivated the yard's signaling system. This was followed in 2014 by the construction of a 25,000 square-meter freight wagon workshop. The services on offer include preventive maintenance of freight wagons as well as inspection work and upgrades of freight wagons. The operations of BLG AutoRail GmbH encompass services such as retrofitting brake systems to comply with noise emission standards. A mobile repair team is on call to provide reliable wagon service throughout Europe. The service range is completed by state-of-the-art blasting and painting. All services are available not only for BLG AutoRail rail cars, but also for other rail companies.

BLG RailTec GmbH is a subsidiary of BLG AutoRail GmbH, which operates its own trains. As the owner of 1,500 rail cars, BLG AutoRail GmbH draws on a modern, uniform fleet of rail cars in Europe. In 2019, the company transported some 730,000 cars in eco-friendly rail transport.

BLG LOGISTICS is one of Europe's leading automobile logistics companies. Using all forms of transportation - road, rail and water - the company covers the entire service chain from the manufacturer to the final customer. In 2020, BLG handled, transported or technically processed almost five million vehicles throughout its network.

Disclaimer

BLG - Bremer Lagerhaus-Gesellschaft AG published this content on 06 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2021 05:51:01 UTC.


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Financials
Sales 2020 1 065 M 1 237 M 1 237 M
Net income 2020 1,12 M 1,30 M 1,30 M
Net Debt 2020 854 M 991 M 991 M
P/E ratio 2020 41,3x
Yield 2020 0,92%
Capitalization 44,2 M 51,3 M 51,3 M
EV / Sales 2019 0,70x
EV / Sales 2020 0,84x
Nbr of Employees 11 609
Free-Float 100%
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Managers and Directors
Frank Dreeke Chairman-Management Board
Jens Bieniek Chief Financial Officer
Karl-Heinz Dammann Member-Supervisory Board
Karoline Linnert Member-Supervisory Board
Patrick Wendisch Member-Supervisory Board