- 14 May 2020
- Transport / Logistics Services
European delivery company Hermes Group has seen a revenue growth of 9% in financial year 2019/20, making it one of the best years in the company’s history.
For the year end February 29, turnover for Hermes was €3.5 billion as the group expands its customer base and wins new clients.
Hermes Germany saw small package volumes grow 20%, enabling Hermes Group to handle 928 million packages in 2019/20.
Kay Schiebur, chair of the supervisory board of Hermes Europe, said, “Continued investments in a dense network of modern locations and in new technologies were significant factors in this success. In addition, innovative and customer-centreed solutions for final-mile delivery have helped us to unlock further opportunities for growth.”
He added, “However, this positive business development cannot disguise the fact that the sector is subject to significant structural pressures in terms of pricing and costs. Consequently, offering sustainable pricing arrangements to our commercial customers and continuing to drive forward innovation in last-mile delivery remain key challenges.”