Financial report 2024 (28042025 BLG AR24 Financial Report 2024)
Financial Report 2024
DYNAMIC
To Our Shareholders Combined Group Management Report Combined Financial Statements Further Information
SHORT PROFILE
Today, the
AUTOMOBILE, and CONTAINER business segments are globally active and regionally integrated. Day in day out, our more than 11,000 employees take responsibility for smoothly organizing the logistics for high-quality products.
v
To Our Shareholders Combined Group Management Report Combined Financial Statements Further Information
KEY FIGURES
Revenue of our business segments
in EUR thousand
Group revenue
EUR
AUTOMOBILE
687,534
1.2
billion
PY 641,883
CONTRACT
PY 569,143
CONTAINER*
PY 301,914
338,104
535,621
+
EBT
EUR
91.8 million
* Corresponds to 50 per cent in the
+
3
To Our Shareholders Combined Group Management Report Combined Financial Statements Further Information
EBT margin
Free cash flow
in EUR thousand
191,024
RoCE
7.5%
100,971
10.6%
+4.5% compared with 2023
2024 2023
EBIT
EUR
103
million
Vehicles handled
4.4
million
+
To Our Shareholders Combined Group Management Report Combined Financial Statements Further Information
BLG sites worldwide BLG sites in
Ukraine²Turkey³
China¹
¹ Representative office
² Business operations have been restricted
since
Headquarters
To Our Shareholders Combined Group Management Report Combined Financial Statements Further Information
Contents
07 To Our Shareholders
08 Key Share Figures
10 Foreword by the
13 Report of the Supervisory Board 2024
19 Annual Financial Statements and Management Report of
-Aktiengesellschaft von 1877-
-
Responsibility Statement of the Legal Representatives
-
Independent Auditor's Report
53 Group Management Report
101 Combined Financial Statements
-
Combined Statement of Profit or Loss
-
Combined Statement of Comprehensive Income
-
Combined Statement of Financial Position
106 Segment Reporting
107 Combined Statement of Changes in Equity
108 Combined Statement of Cash Flows
110 Notes to the Combined Financial Statements
194 Responsibility Statement of the Legal Representatives
195 Independent Auditor's Report
199 Further Information
200 The Supervisory Board and its Mandates
202
-
The Advisory Board -
Glossary
-
Financial Calendar
-
Contact/Legal Notice
-
Key Figures forBLG LOGISTICS
Read it online!
The online version of the 2024 Annual Report provides you with a lot of additional information, videos and a KPI calculator.
Read it online!
The online version of the 2024 Annual Report provides you with a lot of additional information, videos and a KPI calculator.
54 Fundamental Information about the Group
61 Report on Economic Position
74 Opportunity and Risk Report
93 Management and Oversight
95 Outlook
To Our Shareholders
08 Key Share Figures 13 Report of the Supervisory Board 2024
10 Foreword by the
nagement Report of BREMER LAGER-
HAUS-GESELLSCHAFT
-Aktiengesellschaft von 1877-
46 Responsibility Statement of the Legal Representatives
47 Independent Auditor's Report
To Our Shareholders
Keyfigures
Combined Group Management Report
Combined Financial Statements Further Information
KEY FIGURES
Dividend yield
Dividend per share
in EUR
0.50
0.45
0.28 0.30
5.1%
0.11
2024 2023 2022 2021 2020
Shareholder structure of
as of
12.6%
5.9%
Free Hanseatic city of
Free float
12.6%
18.5%
50.4%
Finanzholding der Sparkasse in
To Our Shareholders
Keyfigures
Combined Group Management Report
Combined Financial Statements Further Information
Share price
12.5
12.0
11.5
11.0
10.5
10.0
9.5
9.0
8.5
8.0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Michael Blach
Member of the
Foreword by the
Dear readers,
Dynamic - by definition, this is a force for transformation and development. A force that drives, moves and changes. Therefore, "Dynamic" is the perfect headline for our 2024 financial year.
Over the past year and beyond, we have witnessed the demands placed on the global supply chain network changing at an accelerated pace. Geopolitical changes, multiple crises, investment pressure, digitalization, automation, artificial intelligence (AI) as well as climate disasters and the process of adapting to the rising environmental awareness in the population are drivers of constant transformation. In response, companies need to integrate sustainable practices into their supply chains.
Our employees are the backbone of our success. Their tireless dedication and passion are the driving force of BLG. Together, we were not only able to close the 2024 financial year with great results, but to set new standards in doing so. In a world that is constantly changing, we have been flexible in our response to the challenges faced, while consistently pursuing our strategic objectives. The success of this approach is reflected in our results for the period, the expansion of our services and the
strengthening of our position as one of the leading seaport and logistics service providers.
The primary drivers behind this success are the AUTOMOBILE and CONTAINER Divisions, with the results achieved by the AUTOMOBILE Division once again improving on the previous year. Factors that have contributed to this include good utilization of capacity and productivity at the seaport and inland terminals, our performance in technical services, unscheduled spot transactions and less reliance on subcontractors.
Despite the tough economic situation and geopolitical crises, the CONTAINER Division was able to close the 2024 financial year with earnings significantly above expectations. The EUROGATE Group benefited from additional earnings from storage fees and reefer revenues. However, there have also been significant increases in volumes at several locations.
The CONTRACT business unit is below expectations in the 2024 financial year. In the reporting year, higher volumes, increased productivity and additional business were unable to fully compensate for the often sharp declines in volumes due to reduced demand, particularly when it came to car part logistics and industrial logistics at individual locations, as well as various one-off effects.
Highlights of the Year
For many years, our BLG AutoTerminal Bremerhaven has been open to car manufacturers from all over the world. In February, we had the privilege of welcoming the BYD Explorer No. 1 to our port on its maiden voyage. BYD's decision to opt for the port underlines the importance of our location as an international hub for automotive logistics.
Our ability to act effectively and flexibly has not only navigated us safely through the challenges faced over the past year, it has also helped to strengthen our market position. German ports play a crucial role when it comes to the energy transition. In Bremerhaven,
In the reporting year, we expanded our international activities, entered into new partnerships and put our feelers out towards
2024 was also marked by changes in the
Over the past year, we also worked hard to further streamline the strategic alignment of our sustainability management and we further anchored the sustainability targets set in the previous year within the company. Reviewing the priorities set according to the principle of double materiality played a key role in these efforts. The results will help us to be even more focused and thus more effective in the future when it comes to reconciling economic performance, social commitment and environmental responsibility. As part of our
between now and 2030, and to work on targeted decar-bonization initiatives.
Read it online!
An expanded version of the Foreword with quotes from the board members can be found in the online report.
reporting.blg-logistics.com/2024/unsere-aktionaere/vorwort/
Read it online!
An expanded version of the Foreword with quotes from the board members can be found in the online report.
reporting.blg-logistics.com/our-shareholders/foreword
One of the key tasks in the coming years will be to maintain the momentum that we have gained through numerous success stories and positive developments, despite inconsistencies in global politics and economic challenges, and to utilize this to achieve sustainable development - not only at BLG, but in the logistics industry as a whole.
We are all up against a number of major challenges, but therein also lie numerous opportunities. Our plans as the BLG Group are ambitious. While we appreciate that economic and social uncertainties will continue or increase, with our new management team, we have set the course for sustainable growth and continued success. Nevertheless, we remain on course and will continue to be an anchor for stability and a partner for reliable and secure business - for our customers, partners and employees alike. Our result from 2024 provides us with a solid basis on which to successfully continue BLG's long-established history in these dynamic times.
THE BOARD OF MANAGEMENT
Report of the
Supervisory Board 2024
Dear readers,
The ongoing war in
In the 2024 financial year, the Supervisory Board of
schaft von 1877- (
Management, thereby ensuring that the Supervisory Board was always informed promptly and comprehensively about the proposed business policy, corporate planning, sustainability objectives, the current earnings situation, including the risk position and risk management, and the position of the company and the BLG Group.
In accordance with the recommendations and suggestions of the German Corporate Governance Code (THE CODE), the Supervisory Board assisted the
Whenever management decisions or measures required approval according to the pertinent legislation, the Articles of Incorporation or the rules of procedure, the members of the Supervisory Board - with consultation from its committees where applicable - reviewed the draft resolutions at meetings or adopted these on the basis of written information. In line with the recommendations of the Code, the Supervisory Board also occasionally meets without the attendance of the
Dr.
Chairman of the Supervisory Board
|
Meeting attendance 2024 |
Supervisory Board |
Investment Committee |
Human Resources Com- mittee |
Audit Committee |
Total in percent |
|
Dr. |
6/6 |
1/1 |
6/6 |
100.0 |
|
|
|
6/6 |
1/1 |
6/6 |
100.0 |
|
|
|
6/6 |
1/1 |
6/6 |
100.0 |
|
|
BjöFecker |
4/6 |
1/1 |
2/2 |
77.8 |
|
|
|
6/6 |
6/6 |
100.0 |
||
|
|
6/6 |
6/6 |
100.0 |
||
|
|
6/6 |
5/6 |
91.7 |
||
|
Olof Jürgensen |
5/6 |
1/1 |
6/6 |
92.3 |
|
|
Tim Kaemena |
6/6 |
100.0 |
|||
|
Mücahit Kara |
1/1 |
100.0 |
|||
|
Wybcke Meier |
5/6 |
83.3 |
|||
|
Dr. |
5/6 |
2/2 |
87.5 |
||
|
Hasan Özer |
5/5 |
1/1 |
100.0 |
||
|
|
6/6 |
2/2 |
100.0 |
||
|
|
4/6 |
0/1 |
5/6 |
69.2 |
|
|
Dr. |
6/6 |
2/2 |
100.0 |
||
|
|
6/6 |
2/2 |
100.0 |
||
|
Total in percent |
92.7 |
83.3 |
95.8 |
100.0 |
93.8 |
The meetings held as video conferences were brief meetings of the
The overall attendance rate was 93.8 percent and no member of the Supervisory Board attended fewer than half of the meetings. Average attendance (physical and virtual) at committee meetings was 95.5 percent in 2024. In certain cases, members of the Supervisory Board elected by the shareholders and by the employees prepared for the meetings in separate consultations. Details on attendance can be found in the table.
The Mediation Committee (committee in accordance with Section 27 (3) MitbestG (German Codetermination Act)) did not convene in the 2024 financial year. There were no conflicts of interest affecting members of the
The Supervisory Board was closely involved in decisions of major significance for
The economic and risk position and the development prospects of
The Supervisory Board convened at five regular meetings and one unscheduled meeting in 2024. The meetings of the Supervisory Board and its committees are generally held in person, with the option of video conferencing. In the reporting year, a total of 15 meetings of the Supervisory Board and its committees were held; two committee meetings as video conferences, the remainder face-to-face.
The CODE recommends that members of the
Issues discussed by the Supervisory Board
The consultations of the Supervisory Board at its meetings in 2024 consistently focused on current business development and the challenges posed by global political tensions and the economic situation. Furthermore, important matters regarding the strategy and business activities of
In particular, at its meeting on
In addition, at its meeting on
A meeting of the Supervisory Board was also held after the Annual General Meeting on
At the extraordinary meeting of the Supervisory Board on
Moreover, at its meeting on
schaft von 1877- and various investments. At the same meeting, the Supervisory Board resolved to renew the contract with
The declaration of compliance with the German Corporate Governance Code was adopted at the meeting of
Corporate planning, as well as short-term earnings and financial planning, were also discussed in detail at the meeting of
All major business transactions, the position of the company, the development of the assets, liabilities, financial position and profit or loss, as well as the budget-to-actual variance analyses for corporate planning (incl. forecasts), were discussed in depth with the
The composition of the Supervisory Board changed as follows compared with
Effective
No former members of the
The composition of the
At its meeting on
When
At its meeting on
At its meeting on
Work of the committees
In order to perform its duties efficiently, the Supervisory Board has additionally set up four committees. The committees of the Supervisory Board are the Audit Committee, the
The Audit Committee held two meetings in the 2024 financial year. The main subject of the meeting on
The Audit Committee oversees the selection, independence, rotation and efficiency of the auditing firm and the services it provides, and is responsible for reviewing the quality of the audit process. Any questions in this regard are discussed in the plenary session. Furthermore, the Chairman of the Audit Committee consults with the auditor on a regular basis and keeps the plenary session informed on the progress of the audit. In addition, a newly created survey was employed for the first time in 2021 to review the quality of the audit of the annual financial statements. As a result and since that time, no impediments to the selection of
At its meeting on
The
The Investment Committee convened on
The Mediation Committee (committee in accordance with Section 27 (3) MitbestG (German Codetermination Act)) did not meet in the reporting year.
The meetings and resolutions of the committees were prepared on the basis of reports and other information provided by the
Training and self-assessment
The members of the Supervisory Board take responsibility for undertaking any training or professional development measures required to perform their duties, for example to bring them up to speed with changes in the legal framework and new technologies, and receive support with this from
The Supervisory Board evaluates at regular intervals how effectively the Supervisory Board as a whole and its committees fulfill their tasks. The findings are then discussed in depth by the Supervisory Board and necessary action is taken where required. The most recent assessment, based on a survey to be completed anonymously and the subsequent evaluation of the findings in the plenary session, took place in the 2024 financial year. It did not give rise to any indications of material shortcomings at this time or since. The next self-assessment is planned for the 2027 financial year.
Corporate governance and declaration of compliance
The Supervisory Board dealt with the application of the
GERMAN CORPORATE GOVERNANCE CODEwithin the com-
pany. The 25th declaration of compliance with the recommendations of the CODE, dated
Audit of the annual and combined financial statements
The representatives of
The annual financial statements and management report, as well as those financial statements required to fulfil the duty to prepare the combined financial statements of
accepted accounting principles and have been audited by
The auditing firm has reviewed the report on relationships with affiliated companies (dependent company report) prepared by the
"After conducting our examination and assessment in accordance with our obligations, we confirm that
-
The factual statements contained in the report are correct,
-
benefits derived by the company from the legal transactions specified in the report were not unreasonably high."
The annual financial statements and management report, those financial statements required to fulfil the duty to prepare combined financial statements, including the management report, the combined financial statements and the group management report, and the audit reports of the company's auditor were made available to all members of the Supervisory Board in good time.
For its part, the Supervisory Board has reviewed the annual financial statements, the combined financial statements, the financial statements required to fulfil the duty to prepare combined financial statements, the management reports and the group management report of the
Furthermore, the Supervisory Board has reviewed the report of the
Non-financial report
The Supervisory Board would like to thank the members of the
For the Supervisory Board Dr.
Chairman
Annual Financial Statements 2024
|
|
||
|
-Aktiengesellschaft von 1877- Statement of Profit or Loss |
||
|
EUR thousand |
2024 |
2023 |
|
1. Remuneration from |
3,597 |
1,937 |
|
2. Other operating income |
7,303 |
5,830 |
|
10,900 |
7,767 |
|
|
3. Personnel expenses |
||
|
a) Wages and salaries |
-4,684 |
-4,467 |
|
b) Social security, expenses for pensions and similar obligations and other employee benefit costs |
-1,949 |
-849 |
|
-6,633 |
-5,316 |
|
|
4. Other operating expenses |
-1,356 |
-1,252 |
|
5. Other interest and similar income |
1,469 |
1,229 |
|
6. Interest and similar expenses |
-98 |
-100 |
|
7. Taxes on income |
-683 |
-371 |
|
of which from the recognition of deferred tax assets |
||
|
8. Earnings after taxes/net income for the year |
3,599 |
1,957 |
|
9. Transfer to other retained earnings |
-1,679 |
-229 |
|
10. Net retained profits |
1,920 |
1,728 |
Balance sheet
EUR thousand Assets
EUR thousand Equity and liabilities
A. Current assets
I. Receivables and other assets
1. Receivables from affiliated companies 30,648 27,976
A. Equity
-
Share capital 9,984 9,984
-
Retained earnings
|
2. Other assets |
0 |
130 |
1. Legal reserve |
998 |
998 |
|
|
30,648 |
28,106 |
2. Other retained earnings |
10,919 |
9,240 |
||
|
II. Cash at banks |
24 |
23 |
11,917 |
10,238 |
||
|
30,672 |
28,129 |
III. Net retained profits |
1,920 |
1,728 |
||
|
B. Deferred tax assets |
1,439 |
1,251 |
23,821 |
21,950 |
||
|
C. Excess of plan assets over pension liability |
472 |
0 |
B. Provisions |
|||
|
1. Provisions for pensions and similar obligations |
0 |
763 |
||||
|
2. Provisions for taxes |
424 |
260 |
||||
|
3. Other provisions |
5,797 |
5,098 |
||||
|
6,221 |
6,121 |
|||||
|
C. Liabilities |
||||||
|
1. Liabilities to affiliated companies |
1,434 |
795 |
||||
|
2. Liabilities to other long-term investees and investors |
79 |
10 |
||||
|
3. Other liabilities |
1,028 |
504 |
||||
|
2,541 |
1,309 |
|||||
|
32,583 |
29,380 |
32,583 |
29,380 |
Notes for the 2024
financial year
The registered office of BREMER LAGERHAUS-GESELL-SCHAFT -Aktiengesellschaft von 1877- (
General disclosures
The annual financial statements have been prepared in accordance with the provisions of Section
The statement of profit or loss was prepared according to the total cost method (Section 275 (2) HGB).
In order to improve the clarity of the presentation, notes on inclusion in other headings and 'of which' subitems have been included here.
Disclosures on recognition and measurement
The following accounting policies were applied essentially unchanged for the preparation of the annual financial statements.
Receivables and other assets are reported at their nominal value. Credit risks are taken into account through recognition of specific loss allowances, wherever necessary.
Cash at banks is recognized at its nominal value.
Financial assets that are immune from access by all other creditors and that serve exclusively to meet post-employ-ment benefit obligations are measured at fair value and netted against provisions for pensions and similar obligations.
Equity is recognized at nominal value.
Reinsurance cover for pension provisions is recognized using the asset values of the overall claims reported by the insurance companies. In this respect, the asset value corresponds both to the amortized costs (payments receives plus accumulated interest and surplus credits) and the fair value as of the reporting date. The fair value of the fund units in the premium deposit account is determined at market prices at the reporting date.
Pension provisions are measured according to the projected unit credit method using the 2018 G (previous year: 2018 G) mortality tables issued by Prof. Dr.
In accordance with Section 246 (2) sentence 2 HGB, these are netted against the present value of the pension obligations under provisions for pensions and similar obligations in the previous year. In the reporting year, the fair value of reinsurance cover is reported under excess of plan assets over pension liability because, at the reporting date, the fair value of reinsurance cover exceeds the present value of pension obligations.
The actuarial valuation was based on the following parameters:
Actuarial parameters Pensions
Discount rate 1.9%
Expected development of wages and salaries 2.3%
Expected pension increases 2.3%
The provisions are recognized at the settlement amount required to cover all identifiable risks and uncertain liabilities on the basis of prudent business judgment.
Long-term provisions with a residual term of more than one year are discounted using the average market interest rate for matching maturities based on the past seven years, as published by the
Liabilities are recognized at their settlement amounts.
Any differences between the carrying amounts of assets, liabilities and prepaid expenses according to commercial law and their tax carrying amounts that are expected to be reversed in subsequent financial years are measured at the tax rates applicable to the individual companies in the period in which the difference is reversed, and the resulting tax burden or relief is recognized as deferred taxes.
The measurement of deferred tax assets depends on the estimation of the probability of the reversal of the measurement differences and the utilization of the loss carryfor-wards which resulted in deferred tax assets. This is dependent upon the generation of future taxable profits during the periods in which the corresponding tax measurement differences are reversed.
The option of recognizing deferred tax assets pursuant to Section 274 (1) sentence 2 HGB has been applied. Deferred taxes are offset and not discounted.
Balance sheet disclosures
Receivables and other assets
Receivables from affiliated companies were owed in full from BLG LOGISTICS GROUP
KG).
Provisions for pensions and similar obligations
The provisions reported related to pension obligations for members of the
In order to facilitate insolvency-protected reinsurance cover or refinancing for the higher obligations resulting from the adjustment while maintaining existing reinsurance cover, a two-tier model with additional premium deposit accounts to cover the outstanding premium payments for the reinsurance cover was introduced. In this model, the outstanding premium payments on the reinsurance policy are invested in a deposit account as a lump sum (see table below). The instalment premiums paid to the reinsurer are financed by a corresponding sale of the fund units. As with the reinsurance policy, the fund units are pledged to the beneficiaries and were recognized at market value as of
The excess of plan assets over post-employment benefit liability as at
|
Fair value of pension obligations |
14,107 |
|
Fair value of reinsurance policies |
-8,527 |
|
Fair value of deposit for outstanding contributions to the reinsurance |
-6,052 |
|
Excess of plan assets over post-employment benefit liability |
-472 |
EUR thousand
The difference between the recognition of provisions for pension obligations based on the corresponding average market interest rate for the past ten financial years and the recognition of provisions for pension obligations based on the corresponding average market interest rate for the past seven financial years came to
Interest income from plan assets and interest expenses from unwinding the discount on pension provisions were recognized in the amount of
Equity
As in the previous year, the share capital amounted to
Retained earnings
The legal reserve is allocated in full in the amount of
Section 268 (8) sentence 2 and 3 HGB (deferred tax assets and the difference between the cost and fair market value of the above premium deposit account).
Other provisions
Other provisions included
In the reporting year, other provisions of
Liabilities
Of the other liabilities,
Deferred taxes
Deferred taxes were measured at the tax rate for
Contingent liabilities
The company is the general partner of
Shareholdings
The underlying exchange rates for the shareholdings listed below, which are allocable to
As in the previous year, all liabilities (including liabilities to
EUR Reporting date
Average
An amount of
Existing retained earnings fully covered the amounts subject to a restriction on distribution of
affiliated companies) have a residual term of up to one year.
Liabilities to affiliated companies were payable in full to
1 Chinese yuan renminbi 0.1319 0.1284
1 Polish złoty 0.2339 0.2322
1 Ukrainian hryvnia 0.0230 0.0230
Statement of share ownership in accordance with Section 285 sentence 1 no. 11 HGB
|
|
Ownership interest in percent |
Indirect (I)/ Direct (D) interest |
Currency |
Equity in thousands |
Net income for the year in thousands |
|
|
0.00 |
D |
EUR |
351,751 |
80,631 |
|
Companies included on the basis of full consolidation (pursuant to combined financial statements) |
|||||
|
|
100.00 |
I |
EUR |
107 |
1 |
|
|
100.00 |
I |
EUR |
90,948 |
21,367 |
|
BLG Automobile Logistics Süd-/ |
100.00 |
I |
EUR |
953 |
-69 |
|
|
50.00 |
I |
EUR |
15,225 |
2,725 |
|
|
100.00 |
I |
EUR |
1,309 |
3,207 |
|
|
100.00 |
I |
EUR |
69,000 |
33,345 |
|
|
100.00 |
I |
EUR |
1,707 |
1,898 |
|
|
100.00 |
I |
EUR |
15,183 |
17,668 |
|
BLG AutoTerminal Gdansk Sp. z o. o., Gdansk, |
100.00 |
I |
PLN |
52,271 |
16,009 |
|
|
100.00 |
I |
EUR |
13,145 |
6,622 |
|
|
100.00 |
I |
EUR |
19,683 |
0 |
|
|
100.00 |
I |
EUR |
4,063 |
8,452 |
|
|
100.00 |
I |
EUR |
1,709 |
-4,526 |
|
|
84.07 |
I |
ZAR |
132,908 |
45,117 |
|
|
100.00 |
I |
EUR |
1,850 |
1,746 |
|
|
100.00 |
I |
USD |
365 |
-3,798 |
|
|
50.00 |
I |
EUR |
6,050 |
0 |
|
|
100.00 |
I |
EUR |
-10,246 |
-5,937 |
1 Profit and loss transfer due to control and profit and loss transfer arrangements
2 The share of voting rights amounts to 75.04 percent; non-voting preferred stock is additionally held.
3 Previous year's figures
4 Figures as of
|
|
Ownership interest in percent |
Indirect (I)/ Direct (D) interest |
Currency |
Equity in thousands |
Net income for the year in thousands |
|
Companies included on the basis of the equity method (pursuant to combined financial statements) |
|||||
|
|
50.00 |
I |
EUR |
563 |
-52 |
|
|
50.00 |
I |
EUR |
-3,661 |
-16 |
|
|
41.19 |
I |
ZAR |
825 |
349 |
|
BLG CarShipping Koper d.o.o., Koper, |
100.00 |
I |
EUR |
120 |
16 |
|
|
50.00 |
I |
EUR |
115 |
-241 |
|
|
50.00 |
I |
EUR |
1,674 |
1,657 |
|
|
100.00 |
I |
CNY |
217 |
-81 |
|
BLG ViDi LOGISTICS TOW, |
50.00 |
I |
UAH |
243,131 |
58,468 |
|
|
50.00 |
I |
CNY |
861 |
-92 |
|
dbh |
27.32 |
I |
EUR |
11,547 |
2,631 |
|
|
50.00 |
I |
EUR |
417 |
-230 |
|
|
50.00 |
I |
EUR |
474,295 |
274,392 |
|
|
100.00 |
I |
EUR |
220 |
15 |
|
|
41.19 |
I |
ZAR |
16,514 |
3,502 |
|
|
50.00 |
I |
EUR |
76 |
6 |
|
|
49.00 |
I |
EUR |
1,284 |
516 |
|
|
50.00 |
I |
EUR |
100 |
2,280 |
|
|
33.33 |
I |
EUR |
465 |
1,275 |
1 Profit and loss transfer due to control and profit and loss transfer arrangements
2 The share of voting rights amounts to 75.04 percent; non-voting preferred stock is additionally held.
3 Previous year's figures
4 Figures as of
|
Companies not included (pursuant to combined financial statements) |
Ownership interest in percent |
Indirect (I)/ Direct (D) interest |
Currency |
Equity in thousands |
Net income for the year in thousands |
|
|
50.00 |
I |
EUR |
30 |
1 |
|
|
84.07 |
I |
ZAR |
1,028 |
0 |
|
BLG Automobile Logistics Italia S.r.l. i. L., |
98.97 |
I |
EUR |
-613 |
-209 |
|
|
100.00 |
I |
EUR |
30 |
2 |
|
|
100.00 |
I |
EUR |
14 |
1 |
|
|
100.00 |
I |
EUR |
51 |
1 |
|
|
100.00 |
I |
EUR |
27 |
2 |
|
|
100.00 |
I |
EUR |
36 |
1 |
|
|
100.00 |
I |
EUR |
36 |
1 |
|
|
100.00 |
I |
RUB |
653,830 |
96,019 |
|
|
100.00 |
I |
USD |
--- |
--- |
|
|
100.00 |
I |
EUR |
30 |
1 |
|
|
50.00 |
I |
EUR |
128 |
9 |
|
|
50.00 |
I |
EUR |
43 |
2 |
|
EUROGATE Geschäftsführungs- |
50.00 |
I |
EUR |
78 |
2 |
|
|
50.00 |
I |
EUR |
33 |
1 |
|
|
50.00 |
I |
EUR |
--- |
--- |
|
|
33.33 |
I |
EUR |
40 |
2 |
1 Profit and loss transfer due to control and profit and loss transfer arrangements
2 The share of voting rights amounts to 75.04 percent; non-voting preferred stock is additionally held.
3 Previous year's figures
4 Figures as of
Disclosures on the statement of profit or loss
Remuneration from
This item includes the liability remuneration governed by the partnership agreement (
Other operating income
Other operating income breaks down as follows:
EUR thousand 20242023
Income from the recharging of
ation4,8774,587
Income from the reimbursement
of pension obligations1,663704
Proceeds from reversal
of provisions 372 205
Personnel expenses
Personnel expenses related to remuneration for the
Other operating expenses
Other operating expenses break down as follows:
EUR thousand 20242023
Administrative expenses783 813
Remuneration for the
Supervisory Board255 243
Legal, advisory and
audit fees159 91
Other personnel
expenses9395
|
Income from the |
pension obligations |
66 |
9 |
|
|
|
recharging of |
Other |
0 |
1 |
remuneration report pursuant to Section 162 AktG). The |
Expenses from reimbursements for
Interest and similar expenses
As in the previous year, this item related in full to expenses for the unwinding of discounts.
Other disclosures
Off-balance-sheet transactions
There were no transactions that were not included in the balance sheet as of
Other financial obligations
There were no other financial liabilities as of
Auditor's fee
The total remuneration for the auditor's services in the 2024 financial year amounted to
Supervisory Board remuneration255243
Income from the recharging of
expenses 5 16
Other 131 75
Total 7,303 5,830
As in the previous year, proceeds from the reversal of provisions related to prior periods.
Total1,356 1,252
Other interest and similar income
services of network companies of PricewaterhouseCoop-ers GmbH WPG were not utilized.
Related party disclosures
Transactions with shareholders
Relationships with the Free Hanseatic City of Bremen (municipality)
As of
Transactions with affiliated companies, joint ventures and associates
There were no transactions with affiliated companies, joint ventures or associates in the reporting year, other than those conducted on an arm's length basis.
Composition of the Supervisory Board
In accordance with the Articles of Incorporation, the Supervisory Board of
The composition of the Supervisory Board and the involvement of the Supervisory Board members in other bodies in accordance with Section 125 (1) sentence 5 AktG are disclosed in Annex 1 to the notes.
The composition of the Supervisory Board changed as follows compared with
Effective
No former members of the
Composition of the
The composition of the
The following changes were made to the composition of the
At its meeting on
When
At its meeting on
At its meeting on
Transactions with the
Transactions with the
The members of the Supervisory Board received remuneration of
Members of the Supervisory Board who represent employees received
As in the previous year, members of the Supervisory Board had not been granted any loans or advance payments as of
For the 2024 financial year, the
In addition, provisions of
The members of the
As of
Further information and comments concerning the individual remuneration of the
The present value of pension obligations pursuant to HGB for former members of the
As in the previous year, members of the
Information on the remuneration systems for the Supervisory Board and
Director's dealings
In accordance with Article 19 of the EU Market Abuse Regulation, members of the
The shareholdings of these persons amount to less than 1 percent of the shares issued by the company. No purchases or sales requiring disclosure took place during the reporting year.
Voting rights notifications
The following voting rights notifications, arising from direct or indirect shareholdings in the capital of
On
50.42 percent (corresponding to 1,936,000 voting rights) as of
On
On
On
Further details are published on our website at https://www.blg-logistics.com/en/investor-relations/share.
Proposal on the appropriation of net profit
Consolidated financial statements
The company, together with
German Corporate Governance Code
The 25th declaration of compliance with the German Corporate Governance Code, as amended on
Report on events after the balance sheet date
No events of particular significance with effect on
-Aktiengesellschaft von 1877-
THE BOARD OF MANAGEMENT
Matthias Magnor Michael Blach Christine Hein Axel Krichel Ulrike Riedel
Attachments
Disclaimer
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Revised Proxy Soliciting Materials (Form DEFR14A)
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