Gebruder Weiss reports turnover growth by eight percent

SHANGHAI,April 12,2019 -- In the previous financial year,under favorable economic conditions,Gebruder Weiss (www.gw-world.com/zh-cn/)achieved a provisional net turnover of 1.67 billion euros. This corresponds to an increase of 8.3 percent by comparison with the previous year (1.55 billion euros). "We consider business development to be highly satisfactory. It was a good year. Despite all systems being at capacity,we were able to maintain service quality. Commitments to our customers have top priority," says Wolfram Senger-Weiss,CEO of Gebruder Weiss. Apart from digitization,Gebruder Weiss also continues to focus on investments in physical infrastructure. Another some 50 million euros were invested in 2018. At the same time,the company managed to maintain the equity ratio at a stable level of 58 percent,thus ensuring a high degree of independence from banks.

Generational handover

In 2018,Gebruder Weiss completed a generational handover across various management levels: from board and regional to branch. Owing to the systematic development of executive staff,the company managed to fill all new positions with internal personnel. "This is an excellent sign of strength of the organization and corporate culture. In this way,we are encouraging continuity,but are also well-equipped,with this team,to tackle the challenges of the digital future," reports Wolfram Senger-Weiss.

China: ambitious growth plans

In China,the company aims to continue to focus on its strongest business sector Air & Sea while at the same time expanding the Railway and project business. After opening new warehouses in Chongqing and Chengdu in 2018,Gebruder Weiss China will expand its storage area in the coming years significantly,underlining its status as a full-service logistics provider in Greater China. Gebruder Weiss China has also successfully positioned itself as an expert in the field of E-Commerce- a sector that is expected to grow rapidly in the near future.

Land transport: challenges brilliantly met

Once again,on the global level,the land transport division proved to be a mainstay of the company in 2018. Against the background of fierce competition,organic growth was around 7.5 percent. With the persistently booming economy ensuring demand,the organization needed to cope with the associated challenges such as lack of drivers,scarcity of loading space,and heavy fluctuations in shipment volumes. "With know-how,an awareness of quality and price as well as above-average commitment on the part of our employees,we were able to succeed," Wolfram Senger-Weiss sums up the situation. Digitization tools help to improve planning,optimize processes,and offer new opportunities for communication.

Continued development of locations

In the air and sea freight division,Gebruder Weiss reports turnover growth of some twelve percent. Just one year after the reorientation of its global network,in 2018 the company continued to invest in the development of its locations in Asia,the USA and Germany,as well as expanding the transpacific transport route between North America and Asia. In addition to traditional air and sea freight services,Gebruder Weiss is also offering logistics solutions and land transport services to a growing number of customers in the USA and China to respond quickly to changes in the global economy and the increasingly diverse market needs.Skilled personnel wanted

Various rankings show that Gebruder Weiss counts among the top employers of the logistics industry. Additionally,in the previous year,a pan-European survey was carried out within the company among 5,720 employees in 19 countries. The result: more than 90 percent of employees are proud to work at Gebruder Weiss and recommend the company as an employer. "Gebruder Weiss offers a wide range of career opportunities based on numerous job profiles. And not only for freight forwarding agents and logistics experts,but also for business analysts and other specialists,for instance IT or HSEQ," says Wolfram Senger-Weiss. The number of employees increased by some six percent to 7,112 employees year-on-year (2017: 6,724).

Further information on career opportunities is available at:www.gw-world.com/greatjobs/

About Gebruder Weiss

With about 7,000 employees,150 company-owned locations and a provisional annual turnover of 1.55 billion euros (2017),Gebruder Weiss ranks among Europe's leading transport and logistics companies. In addition to its core business of land transport,air & sea freight,and logistics,the company operates a number of highly specialized industry solutions and subsidiaries under the umbrella of Gebruder Weiss Holding AG,based in Lauterach (Austria). This includes the logistics consultancy firm x|vise,tectraxx (industry specialist for hi-tech businesses),dicall (communications solutions,market research,training),Rail Cargo (railway transports) and the Gebruder Weiss parcel service GWP,co-partner of the Austrian company DPD. This bundling of services allows the corporate group to respond to customer needs quickly and flexibly. Having implemented a variety of environmental,economic and social initiatives,today the family-run company with a 500-year history is a pioneer in sustainable business practices.

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