Hermes: 7% growth in revenues

Last mile delivery company Hermes has reports that its revenues grew by over 7% to €2.64 billion in FY2016-17.

The European companies in the Hermes Group played a major role in this, with a 10% hike in volumes since 2015. Their two man handling unit saw volumes grow by 6%.

According to the company, integrating French parcel companies Mondial Relay and acquiring the two man handling specialist Girard Agediss served to improve Hermes Group’s competitive position in a number of key European markets.

“We are delighted we closed 2016 on a positive note. This has once again helped us consolidate our strong position in a highly dynamic and – in many respects – challenging market. As the logistics and service partner for many successful online shops and multichannel retailers at home and abroad, Hermes is continuing to participate in the ongoing boom in global online retailing,” said Donald Pilz, CEO of Hermes Europe GmbH.

“With an eye on further growth potential, in 2017 we will be continuing the on-going modernisation and expansion of our logistics infrastructure and investing in new technologies. On top of this, we are expanding in new customer-centric services and are targeting the expansion of our successful commitment in promising business segments such as parcel and 2-man handling, not least through the integration of French activities.”

Hermes is to prepare to continue its infrastructure developments in Germany in its B2C and C2C parcel markets. There will be three new logistics centres in the country, to be opened in 2017. By the end of 2019 it intends to build nine in total. There are plans also to replace many fossil fuel powered vehicles with EVs too.
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