DEAR PRUDENCE

摘要

THE HOYER GROUP has reported what it calls "solid final accounts" for 2020, with turnover down only slightly from 2019's €1.18bn at £1.12bn. In spite of the crisis that caused mayhem in the logistics sector during most of 2020, operating cash flow rose from €82.8m to €92.5m and EBITDA was up slightly at €108.2m. "The solid balance sheet was achieved through prudent actions and agile management in alt areas," the company states. "The global economic and health crisis in 2020 confronted the economy and industry with hitherto unknown new challenges," notes Gerd Peters, CFO. "Increased efficiency, agile operational management, optimised utilisation of our fleet's capacity, and conscious cost management enabled altogether very good, stable liquidity and credit rating."