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BREMER LAGERHAUS-GESELLSCHAFT -AKTIENGESELLSCHAFT VON 1877-

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Bremer Lagerhaus Geslschft Von 1877 : BLG LOGISTICS takes on new business for Siemens

05/18/2017 | 08:59am EST

May 18, 2017 As of April, BLG LOGISTICS in Berlin took over the inbound logistics for the gas turbine manufacturing plant of its customer Siemens. The logistics expert began performing initial individual services for this customer last October.

BLG LOGISTICS operates an upstream consolidation center at its customer's plant that concentrates all materials and precursor products from the various suppliers. BLG then assembles the delivered parts according to customer orders and assumes in-plant transportation and distribution of the materials to the assembly locations of the Siemens facility. Starting in March 2018, BLG will supply the plant from a new logistics center, which will comprise a total of 22,000 square meters, adjacent to the existing operation in Falkensee.

'We're extremely pleased that we were able to win the plant logistics business for Siemens gas turbines,' declared Dirk Bütow, Director Sales BLG Industrielogistik, in his response to this development. 'As a specialist for sophisticated logistics services in the machinery and plant equipment sector, we are not only once more demonstrating our competence, but have also sustainably strengthened the Berlin-Brandenburg location for the coming years. I'm optimistic that we'll be able to continue this positive trend in other regions in the years to come.'

BLG has been serving its customer Siemens since 2000, and is currently performing logistics services for multiple divisions at many different sites. The new business in Berlin is a further milestone in the long-standing partnership between Siemens and BLG LOGISTICS.

BLG - Bremer Lagerhaus-Gesellschaft AG published this content on 18 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2017 12:58:20 UTC.


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Financials
Sales 2020 1 065 M 1 206 M 1 206 M
Net income 2020 1,12 M 1,26 M 1,26 M
Net Debt 2020 854 M 967 M 967 M
P/E ratio 2020 41,3x
Yield 2020 0,92%
Capitalization 42,2 M 47,8 M 47,8 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