2024 balance sheet: Gebrüder Weiss holds its own in a difficult market environment 

Net turnover of 2.71 billion euros / 124 million euros invested in logistics terminals, automation and e-mobility / decarbonisation is making progress

Lauterach, 10 March 2025: The international transport and logistics company Gebrüder Weiss closes the 2024 financial year with net sales of EUR 2.71 billion. This corresponds to an increase of ten per cent compared to the previous year (2023: EUR 2.46 billion). ‘We are on track: despite geopolitical and economic tensions, we were able to gain market share and thus grow against the trend. By investing in our network, automation and digital innovations, we have expanded our range of services and developed the right transport solutions for our customers - with the clear aim of ensuring stable supply chains,’ says Wolfram Senger-Weiss, CEO of Gebrüder Weiss.

In the Air & Sea division, the company recorded the highest increase in turnover with 939 million euros and an increase of 21 per cent (2023: 776 million euros). This growth is due in part to the expansion of the network in the USA and Germany as well as high transport volumes in transpacific trade. Rising sea freight rates for exports from China to Europe also provided momentum. Due to the attacks in the Red Sea, container ships had to take the longer route around the Cape of Good Hope (South Africa) instead of travelling through the Suez Canal.
 
In the overland transport and logistics segment, sales increased by five per cent to 1.52 billion euros (2023: 1.45 billion euros). This also includes sales for the Home Delivery division. The logistics company delivers goods such as fridges and furniture to end customers in Austria and several Eastern European countries using 2-man handling.
DPD Austria, in which Gebrüder Weiss Parcel Service is a co-partner, moved more than 63.2 million parcels last year. This corresponds to an increase of one million parcels compared to 2023. Growth was primarily driven by exports and the private customer business.

The company's equity ratio remained constant at 60 per cent, positioning Gebrüder Weiss as a crisis-resistant service provider and secure employer. The number of employees at the 180 locations worldwide rose slightly to 8,700 (2023: 8,600).
 
The logistics company continued to invest even in a challenging economic environment: In the 2024 financial year, a total of 124 million euros was invested in expansion and modernisation measures as well as in environmentally friendly energy generation and e-mobility.

Investments in logistics locations, automation and digitalisation

In the immediate vicinity of its company headquarters and the Wolfurt goods terminal (Vorarlberg/Austria), Gebrüder Weiss began construction of a modern logistics and IT centre, which will be equipped with a fully automated high-bay warehouse. A new logistics centre was opened in Straubing in southern Germany, providing Bavarian industrial and commercial companies with efficient transport connections to national and global sales markets. In addition, Gebrüder Weiss expanded its locations in Maria Saal (Austria), Aldingen (Germany), Bratislava (Slovakia) and Tbilisi (Georgia). In Budapest (Hungary), an Autostore warehouse was built as part of the site expansion, in which goods storage, material flow and order picking are largely automated. There was growth in the USA, where the logistics specialist took over the air and sea freight forwarder Cargo Link in Salt Lake City (Utah). Together with the recently opened branch in Phoenix (Arizona), the network in North America now comprises 17 locations of its own.

Gebrüder Weiss made further progress with its digital service offering: since the launch of the myGW customer portal in 2020, the number of users on the customer side has risen to 25,000. The platform provides real-time information on all goods flows and keeps customers transparently up to date on order processing. In 2024, the application options were continuously developed and adapted to the needs of shipping companies.

Expansion of renewable energies and e-mobility

The company took important steps towards decarbonisation and climate-friendly energy generation. Additional photovoltaic (PV) systems were installed in Hungary and Slovakia. Gebrüder Weiss now operates 34 PV systems, which generated around 13,000 megawatt hours of electricity last year. This corresponds to around half of the electricity requirements of all Gebrüder Weiss locations worldwide. A total of 2,738 tonnes of CO2 were saved through the increased use of solar power.
 
In order to continuously reduce CO2 emissions, Gebrüder Weiss is also reorganising its own vehicle fleet and is increasingly operating vehicles with electric drives. In Austria, Hungary, Croatia and Romania, the logistics company already delivers goods ordered online to private households using e-transporters. Two e-trucks were launched in Germany in 2024, and a further 13 e-trucks will follow in Austria this year. As an immediate measure, the logistics company has converted a large part of its truck fleet in Austria to hydrogenated vegetable oil (HVO), which reduces CO2 emissions by around 90 per cent (compared to diesel fuel).

‘In addition to the topics of sustainability, infrastructure and digitalisation, the logistics industry is facing numerous other challenges this year. The ongoing economic weakness in Europe, new tariffs and the crisis in the automotive industry are intensifying the competitive situation for many companies. Gebrüder Weiss will continue to respond to this situation in a solution-orientated and technology-open manner and align its business strategy with the needs of its customers,’ says Wolfram Senger-Weiss.

About Gebrüder Weiss

Gebrüder Weiss Holding AG, based in Lauterach (Austria), is a global full-service logistics provider with around 8,700 employees and 180 company-owned locations. Most recently, the company generated annual sales of EUR 2.71 billion (2024). Its portfolio includes transport and logistics solutions, digital services and supply chain management. The combination of digital and physical expertise enables the Group to respond quickly and flexibly to customer needs. With a wide range of ecological, economic and social measures, the family-owned company, whose history in transport goes back more than 500 years, is now also considered a pioneer in terms of sustainable business practices. www.gw-world.com

All information and pictures can also be found in the Gebrüder Weiss newsroom: https://www.gw-world.com/newsroom/bilanz-2024-gebrueder-weiss-behauptet-sich-in-schwierigem-marktumfeld/

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