Gebrüder Weiss, the international transport and logistics company, reported a net revenue of 2.47 billion euros for the fiscal year 2023, marking a decline from the previous year’s 3 billion euros.
Despite this, the company remained above its growth trend observed between 2015 and 2020, demonstrating resilience amid economic fluctuations.
The effects of the COVID-19 pandemic that impacted the two preceding years did not persist in 2023. Net revenue in the Air & Sea business area rebounded to previous levels, reaching 774 million euros, supported by higher freight rates.
Additionally, revenue in the Land Transport and Logistics sectors remained stable at 1.45 billion euros, benefiting from declining energy and fuel prices.
Gebrüder Weiss achieved a notable equity ratio of 63 percent, ensuring its ability to navigate crises effectively and positioning itself as an ideal employer.
CEO Wolfram Senger-Weiss attributed the company’s success to its dedicated employees and its ability to assist customers in global markets.
Despite geopolitical conflicts and weaker global economic output affecting revenue and transport volumes, the company’s stable financial position enabled it to implement a comprehensive investment program in 2023.
Investments focused on network expansion, with significant investments in the German and US markets, as well as South-Eastern Europe.
Digitalization efforts were also prioritized, with enhancements to the customer portal myGW offering transparency and communication across the supply chain.
Gebrüder Weiss made strides in decarbonizing its operations, with a focus on renewable energy sources and transitioning to e-mobility in its vehicle fleet.
The company anticipates a slight economic upturn in the second half of 2024, leveraging its global presence and local logistics services to respond effectively to market changes.
The company’s investment in both operational network development and digital expertise reaffirms its “best of both worlds” strategy, positioning it for continued growth and resilience in the evolving business landscape.
