Supply Chain Council of European Union | Scceu.org
Freight

Turnover and profits climb at freight giant’s UK arm

Turnover and profits climb at freight giant’s UK arm



Turnover and profits have climbed at the UK arm of a global freight forwarder specialising in beer, wine and distilled spirits, according to newly filed results.

JF Hillebrand UK Ltd forms part of the Germany-headquartered giant that can trace its roots back to the 1940s.

In the year to 31 December 2020, the business turned over £73.9m, up from £70.1m 12 months earlier.

Pre-tax profits also increased to £2.9m from £1.98m, while gross margin jumped to 12.63 per cent from 11.89 per cent.

A statement signed off by directors said volumes had remained strong with a hike in demand from the off-trade sector, although volumes from on-trade customers dropped due to the Covid-19 pandemic.

JF Hillebrand UK is headquartered in Grays, Essex. Hillebrand has operations across the globe, including UK and Ireland sites in Dover, Southampton, Glasgow, Renfrew and Dublin.

Related posts

Australia wildfires trap thousands in seaside town, many take refuge on beach as fires turn sky ‘pitch black’

scceu

A weekend Top 5: Socialism for the rich, the dollar doom loop, fat bear week & more

scceu

Container xChange: “Supply Chain pressures from COVID lockdowns in China, Russia- Ukraine war and rising oil prices”

scceu