Rhenus Switzerland delivers positive results in 2022 despite challenges

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In 2022, the Swiss operations of Rhenus Alpina Ltd generated total revenue of CHF 532 million (2021: CHF 462 million).

The financial year as a whole was characterized by a very good business environment.

15.1 percent growth: Rhenus Switzerland delivers a positive result in 2022 despite challenges in the markets15.1 percent growth: Rhenus Switzerland delivers a positive result in 2022 despite challenges in the markets
Despite the lingering effects of the COVID-19 pandemic and a difficult situation on the global markets, Rhenus Alpina once again delivered a pleasing result in fiscal 2022. At CHF 532 million, revenue for the year was up 15.1 percent on the previous year.

“Thanks to its multi-faceted offering, our company is well positioned both now and for the future,” commented Andreas Stöckli, CEO of Rhenus Alpina. “Logistics are systemically important. Even in times beset by many different uncertainties, they ensure the supply of vital goods for us all. This was again made very clear in 2022.”

Despite the persistent challenges posed by the war in Ukraine, higher energy prices and ongoing disruption to transport routes in some places, Rhenus Alpina is optimistic about the future. There are plans to further expand the company’s extensive service offering.

The Rhenus Alpina Group currently employs 1,515 people in Switzerland across a number of different business areas. Each and every day, they are committed to finding new and creative solutions to master the challenges presented by the market environment.

2022 was a particularly good year for Rhenus Logistics. The logistics centre recorded capacity utilization of close to 100 percent over the entire year. Productivity in order processing likewise registered a further increase thanks to investment in further enhancements to operational software.

Even though supply chains between Asia and Europe are expected to see a further recovery in 2023, the division is anticipating a few clouds on the horizon. The economic outlook is thus tempered somewhat, given the potential threat of recession hanging over the European markets. In addition, some manufacturers built up sizeable inventories in 2022, which could lead to a reduction in the volumes transported this year. Looking to the future, Rhenus Logistics intends to continue investing in software and process solutions that will enable it to meet the challenges ahead.

Cargologic likewise witnessed a positive development in business in 2022, with a further increase in freight handling. This development was driven by a combination of the prevailing capacity bottlenecks experienced by all international carriers, the war in Ukraine and general growth in freight volumes.

Andreas Stöckli, CEO of Rhenus Alpina: “In light of the global situation, we are anticipating a slight dip in handling volumes for full-year 2023. We are nevertheless looking ahead with optimism, as we are well positioned.”

Although inland waterway transport experienced some major challenges, Port Logistics recorded pleasing momentum in fiscal 2022. Not even a massive increase in freight rates due to low water levels, increased prices for gas oil or a shortage of shipping capacity were able to impact the positive result.

In 2023, Port Logistics will be focusing on the construction of a new tri-modal transshipment terminal at the Port of Switzerland in Kleinhüningen which will facilitate efficient, climate-friendly transshipment of goods. Andreas Stöckli: “We’re delighted that this terminal will enable us to play a pioneering role in sustainable logistics. A photovoltaic system is installed on the roof of the terminal which will generate around 2.4 million kWh of electricity every year, covering Port Logistics’ entire annual electricity consumption. That’s something we’re very proud of.” Other forward-looking projects are the general development of the Westquai dock area, the port railway and an improved situation in Switzerland with regard to compulsory stockpiling facilities.

Contargo AG once again reported a good result for 2022. Profitability held steady despite weighty challenges in the international markets and seriously low water levels in the latter half of the summer.

The Rhenus Alpina CEO regards reinvestment and the expansion of critical terminal infrastructure as pivotal for the continued development of Contargo’s business.

Contargo will concentrate its activities on the Nordquai (northern docks), where it will put a further crane into operation.

In addition, Contargo will continue to focus on the planned digitalization measures with a view to further boosting efficiency.


The post Rhenus Switzerland delivers positive results in 2022 despite challenges appeared first on Project Cargo.

1 May 2023 |

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