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BREMER LAGERHAUS-GESELLSCHAFT -AKTIENGESELLSCHAFT VON 1877-

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Bremer Lagerhaus Geslschft Von 1877 : BLG and Fenix confirmed joint long term strategy for cooperation at Port Bronka

08/03/2017 | 10:42am EST

August 3, 2017 After half a year of successful cooperation in handling of new cars BLG Logistics Group and LLC Fenix agreed on long term plans for joint future development of the business at Port Bronka in the Big Port of St. Petersburg. For the definition of the future strategy Elena Glukhova, representing the shareholders of Port Bronka, and Frank Dreeke, CEO of BLG Logistics Group, recently signed a Letter of Intent on joint projects and activities at the Port of Bronka in St. Petersburg.

After the establishment of the port infrastructure and implemented operations of new car logistics in December 2016, approximately 18000 units have been handled at the port, which is considered as successful starting point for further development. The operational results of productivity already show the high quality of services, which are provided by the partners.

Further plans are targeting a wider range of services for the clients in addition to the capacity increase in accordance to the market demand, which will be developed at the 12ha new car area within the total operating area of 120ha at Port Bronka. In May 2017, the storage area for new cars was already increased by additional 2500 parking lots to a total of 6000.

Both parties are convinced that the joint offer will not only be attractive for cargo and clients, which are already active in the port of St. Petersburg. It will also attract clients from other ports in the wider region and cargo, which is currently routed via land.

BLG - Bremer Lagerhaus-Gesellschaft AG published this content on 03 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 August 2017 14:40:04 UTC.


ę Publicnow 2017
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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 966 M 966 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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Income Statement Evolution
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