Changes on the Schmitz Cargobull AG Supervisory Board

A market leader in a strong position
At the constituent meeting of the Supervisory Board, members approved the consolidated financial statements. General market uncertainty, the high inflation rate, the lingering effects of the Covid pandemic, supply problems, the sudden loss of Russian business and the fire at the refrigerated vehicle plant in Vreden, which led to production being suspended for almost two months, resulted in production and sales figures falling to a total of 45,340 vehicle units (previous year 57,551 units) in the last financial year. 
Despite countless activities in new markets and working relationships with new partners, recovery from this decline was not quick. 

However, in spite of the fall in sales, the market share in Europe – excluding the UK – could be increased from 23 to approx. 25 percent, meaning that Schmitz Cargobull remains the undisputed market leader. 

Fall in revenue and profit – high investments
With the fall in the total market and the significant decline in sales, revenue fell by 8.5 percent to EUR 2,408.6 million compared to the previous year. During the reporting period, profits of around €99.4 million were recorded before tax and interest (previous year €108.5 million). Although profits had fallen compared to the previous year, Schmitz Cargobull remains on financially solid ground and made more investments in the last financial year than it has for several years. It allocated over EUR 97 million to fund product development, production network investments and digitalisation, automation and sustainability.

A reliable partner in the logistics sector
In a volatile market environment, Schmitz Cargobull offers cost-efficient product and service solutions designed to reduce customers’ total operating costs and increase the success of their business. To achieve this, the company has expanded its international production network and made it more flexible. New partnerships are also opening the door for new offers that will allow transport companies to work cost-efficiently. 
Through active lobbying, Schmitz Cargobull is aiming to cultivate attractive underlying conditions, reduce bureaucracy for its customers and create a dynamic business environment in Europe.

2030 strategy refined
At the end of the last financial year, Schmitz Cargobull set out its new 2030 strategy and, at the start of the current financial year, got to work on implementing the measures to achieve it.  Under the motto “Delivering profitable growth. Together. Focused. Sustainable.” Schmitz Cargobull is aiming to expand its role as a market and Technology leader on the European trailer market. This includes both vehicles and digital services. On a global scale, the focus is on boosting the company’s position in the cooling segment. At the production sites, the goal is to further increase efficiency and improve delivery reliability. Our customers’, partners’ and colleagues’ ability to rely on us is our utmost priority. Over the long term, the aim is to increase revenue to over €3.5 billion and achieve a return on sales of 6 percent over the entire cycle.