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BREMER LAGERHAUS-GESELLSCHAFT -AKTIENGESELLSCHAFT VON 1877-

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BREMER LAGERHAUS GESELLSCHAFT von 1877 : BLG LOGISTICS and Hyundai celebrate expansion of Dodendorf auto terminal

09/27/2021 | 10:49am EDT

The BLG Group has expanded its automobile logistics site in Dodendorf in the Magdeburger Börde region. With an additional area of 95,000 m², the inland terminal now offers a total space of 230,000 m² for around 11,000 new and used vehicles. The new area is exclusively used by Hyundai Motor Deutschland for used car operations. The President of Hyundai Motor Deutschland, Wang Chul Shin, stated: "We are very pleased that together with our long-standing partner BLG LOGISTICS we will be able to build new warehousing and processing areas, which are necessary due to the continued growth of Hyundai Motor Germany. Together, both companies will create and benefit from sustainable synergies in the rapidly changing automotive market."

Andrea Eck, Head of the AUTOMOBILE division at BLG Group, which is headquartered in Bremen, said: "Thanks to its location, the Dodendorf inland terminal provides easy access to the A14 and A2 freeways. This and the existing rail connection give the site ideal transport links. Now, with this successful expansion, we can integrate it even more closely into our terminal network.

The BLG AUTOMOBILE division is the leading technical and logistics service provider for the international automobile industry. Using all forms of transportation - road, rail and water - BLG LOGISTICS covers the entire service chain from the manufacturer to the final customer. Almost five million vehicles were handled, transported or technically processed in the Group's network in 2020.

The company purchased the expansion area in Dodendorf in 2020, and has used the past months to specially reinforce the ground and install technical equipment. This is already the second expansion of the terminal. In 2019, BLG acquired an area of 75,500 m². All new and used vehicles from various manufacturers can be not only stored on the site, but also in future completed and processed to customer requirements in BLG's own workshop. The terminal also features a BLG automobile transport base. From there, vehicles can be transported by truck to dealers.

Opening of the new, 95,000-m² expansion area: Andrea Eck, BLG Head of AUTOMOBILE, and Wang Chul Shin, President of Hyundai Motor Deutschland, cut the red-white ribbon.

Disclaimer

BLG - Bremer Lagerhaus-Gesellschaft AG published this content on 27 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2021 11:11:03 UTC.


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Sales 2020 1 065 M 1 234 M 1 234 M
Net income 2020 1,12 M 1,29 M 1,29 M
Net Debt 2020 854 M 989 M 989 M
P/E ratio 2020 41,3x
Yield 2020 0,92%
Capitalization 43,0 M 49,9 M 49,8 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