Den Hartogh’s banner year

ASSET TRANSFUSION

RESULTS • DEN HARTOGH FINISHED 2021 IN FINE FORM, POSTING ITS BEST RESULTS EVER, WHILE CONTINUING TO INVEST IN ITS PEOPLE, ASSETS, DIGITAL SYSTEMS AND MARKET REACH

ROYAL DEN HARTOGH has reported record turnover in 2021, rising by 18 per cent to €572m. EBITDA increased by 62 per ecnt to €67m and pre-tax profit increased from €11m to €35m. The company calls these “exceptional results” in a difficult year, with its employees having to face supply chain disruptions around the world.

At the same time, total investments reached €50m, Den Hartogh’s highest annual for some time, much of which went on new tank containers, box containers, chassis, LNGpowered trucks and ultra-light trailer equipment. “But we are also investing in activities that make this fleet safer, more efficient and run more economically,” Den Hartogh says. “We have enhanced and acquired digital transformation capabilities, both internally and externally via strategic partnerships. We have invested in talent development and recruitment and will continue to do so in the coming years”.

That investment also involved the integration of the previously acquired Tschudi Logistics operation in Finland as well as the merger with Muto Logix in Asia. That latter deal is intended to propel Den Hartogh into a leading position in intra-Asia Pacific logistics services, while also adding 2,500 tank containers to its global fleet. “Our strong regional presence across five offices, including Singapore and Shanghai, will help boost customer satisfaction by providing tanks at the right place, right time and in the right quantities,” the company states.

Den Hartogh APAC will now offer a onestop-shop source for regional shortsea services as well as deepsea transport to the rest of the world, along with safe and more cost-effective door-to-door local services.

Den Hartogh has also continued along its digitisation path. Its TransFusion transport management system is being modernised, migrating to a more adaptive hub and bespoke cloud-based architecture. It has also implemented a Power BI front end, which receives data from all critical applications and outputs to multiple dashboards and reports. Den Hartogh is also implementing a new truck container and driver truck planning solution that will allow its teams to plan better and interact with drivers in the field. VIEW FROM THE BOSS “I usually prefer to look forward rather than look in the rear-view mirror. In this case, however, I am proud to look back on the highlights of 2021 with you,” says Pieter den Hartogh, group managing director. “The figures show a record year in both turnover and EBITDA - a fantastic result achieved by a flexible and above all hardworking Den Hartogh family.

“Many operational challenges preceded this in what has continued to be an extremely volatile market caused by the pandemic,” Pieter den Hartogh adds. “I’m sure that everyone in our sector has experienced that no day has been the same, with one change presenting itself after another, all requiring a quick response. Take the blockade by the Ever Given in the Suez Canal, for example. This all placed a heavy burden on our operational people, who, besides well-deserved compliments for their efforts, also received a financial appreciation.”

“We can assume that we will continue to face disrupted supply chains for the time being,” says Pieter den Hartogh. “Fortunately, responding to the ever-changing demands of the market is in our DNA and, in combination with our great team, I am sure that these challenges will also offer Royal Den Hartogh Logistics great opportunities in 2022.” www.denhartogh.com

DEN HARTOCH IS CONTINUING TO INVEST AS IT BUILDS ON

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