BALANCE SHEET 2017: HUETTEMANN CONTINUES TO GROW
The HUETTEMANN GROUP, headquartered in Duisburg, increased its consolidated total turnover to around 132 million euros in the 2017 financial year and achieved growth of 7 percent. “The result has also developed well,” says Klaus Hüttemann, managing partner of the logistics group. “We are now expanding our capacities further.”
As recently, the drivers of this development are the subsidiaries Rabelink Logistics in Wehl, the Netherlands, and M+F Spedition in Nordhorn. The balance sheet of Rabelink shows a growth in turnover of 11 percent to around 50 million euros, M+F even achieves the highest turnover in its company history with 21.5 million euros. HUETTEMANN Logistik grows by five percent and achieves a turnover of 36 million euros.
Merger successfully completed
“The business year has confirmed our entrepreneurial decisions,” says Klaus Hüttemann. “We have grown in the existing and new customer business, and we were also able to successfully complete the integration of Merkel-Wetzel Logistik GmbH.” The logistics service provider, located in Kuppenheim, Baden, has belonged completely to the HUETTEMANN GROUP since 2015 and was merged with HUETTEMANN Logistik by entry in the commercial register in March 2017.
The group of companies also recorded growth in the number of its employees. Last year, 691 women and men worked for the HUETTEMANN GROUP, 53 more than in the previous year. It is currently active at 23 locations in Germany, the Netherlands and Romania.
High investments planned
In order to maintain the successful course, HUETTEMANN is further expanding its locations this year. For example, M+F Spedition is doubling its warehouse capacity in Gildehaus near Bad Bentheim, which was set up at the end of 2016, to more than 20,000 square metres.
The Dutch subsidiary Rabelink Logistics is also investing around 7 million euros in the expansion of the Wehl forwarding terminal in response to its rapidly growing freight business. Plans include the construction of a cross dock, long goods handling and warehouses connected to the terminal. Another 2.5 million euros will flow into the expansion of the company’s own fleet. “We are stronger than ever,” says Klaus Hüttemann. “And I am confident that we will also bring this strength to the road.”