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BREMER LAGERHAUS-GESELLSCHAFT -AKTIENGESELLSCHAFT VON 1877-

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Bremer Lagerhaus Geslschft Von 1877 : BLG expands international forwarding business

06/24/2016 | 10:11am EST

June 22, 2016 BLG LOGISTICS GROUP AG & Co. KG takes over FORTRAGROUP with retroactive effect from January 1, 2016. The two companies signed the contract in Bremen yesterday. The transaction represents a major milestone in the BLG strategy of systematically expanding its forwarding services division.

FORTRAGROUP comprises the forwarding companies LOGFORTRA GmbH Logistic, Forwarding & Transport and INFORTRA GmbH INTERNATIONAL FORWARDING & TRANSPORT. The group's core competencies lie in international shipping and air freight plus overland transports, project business, customs services, and logistics systems. Founded in Niederkrüchten, Germany, in 1997 by Alexander Opszalski, FORTRAGROUP has eight branches in Germany. More than 40 specialist employees are available for direct contact with customers.

Christian Marnetté, Managing Director of Forwarding at BLG says: 'Over the past few months we've worked hard on systematically expanding our national and international forwarding services. They perfectly complement the activities of our Automobile, Contract, and Container divisions. We want to show customers that we can offer a complete service package. Now, with the integration of FORTRAGROUP, we've taken a major step further.' BLG LOGISTICS has operated its own forwarding division in Bremen for decades. The division is a major player in overland as well as overseas transport.

Alexander Opszalski, up to now Managing Partner, is leaving the Board of Management: 'However, I'll be acting as a close advisor of BLG for a transitional period. Together we'll ensure the smooth continuation of our longstanding customer and employee relationships.'

The transaction is still subject to approval by the antitrust authority.

BLG - Bremer Lagerhaus-Gesellschaft AG published this content on 22 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 June 2016 14:11:01 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 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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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