• trans-o-flex increases revenue by 4.6 percent to €264 million compared to H1 2020
  • Adjusted EBITDA increases by 4.0 percent to €31 million compared to H1 2020
  • Volume of transported packages in Q2 2021 up by 6.2 percent Y-o-Y

trans-o-flex, a leading provider of full-service specialized logistics solutions, offering temperature-controlled express solutions for pharmaceuticals and other high-value goods in pharma, cosmetics and consumer electronics in Germany and Austria, today announced its financial results for H1 2021. Despite a temporary decline in the volume of transported packages prompted by the COVID-19 lockdowns in the first quarter, the company increased both revenue and operational profitability compared to the first half of 2020 on the back of the growing demand for specialized logistics solutions for medical products and other sensitive goods.

Group revenues grew by 4.6 percent to €264 million in the first half of 2021 (H1 2020: €252 million) and adjusted EBITDA increased by 4.0 percent year-on-year to €31 million. In the same period, the Group’s business segment ThermoMed generated revenues of €39.7 (H1 2020: €36.3 million), a growth of 9.4 percent. The Group’s business segment trans-o-flex Express increased its revenues by 3.6 percent to €225 million (H1 2020: €217 million).

Wolfgang P. Albeck, CEO of trans-o-flex: “We are continuing on our growth path. The pandemic illustrates the importance of fast, secure and reliable logistics solutions for the pharmaceuticals. As the market leader for active temperature controlled transport of pharmaceutical products, and the expert for express specialized logistics, we are the partner of choice for our customers. The performance measures we have taken over recent years are now paying off. In the market for pharmaceuticals and express logistics for sensitive goods, we were able to show solid growth even in times of crisis, which makes us optimistic for the second half of the year.”

trans-o-flex benefits from several megatrends such as demographic change, which leads to a growing demand for pharmaceuticals or the growing shift to online-shopping which then drives demand for express solutions. At the same time, increasingly strict regulatory requirements for pharma logistics across the EU (Good Distribution Practice) drive higher quality standards for the entire distribution chain. This leads to a continuous increase in the demand for active temperature-controlled special logistics offered by trans-o-flex.

The safe distribution of COVID-19 test kits and vaccines has highlighted the importance of logistics solutions for highly sensitive pharmaceuticals – a market with high growth potential. The market for pharmaceutical and high-value sensitive logistics services in Germany and Austria was valued at €9.9 billion in 2020, and it is expected to grow to €12.2 billion in 2025, an increase by 23 percent.

With 50 years of experience and fully GDP-compliant networks for the active temperature-controlled transport of sensitive goods in the temperature ranges of 15-25 °C (trans-o-flex Express) and of 2-8 °C (ThermoMed Express) trans-o-flex is the expert for specialized express logistics in Germany and Austria. With its express network that specializes in offering consolidated transport of parcels and pallets and thus allows a broad portfolio of service combinations, combined with a commitment to service excellence and logistics innovations, trans-o-flex is leading the market for active temperature controlled transports of pharmaceuticals from manufacturers to wholesalers as well as deliveries to hospitals, pharmacies, doctor’s practices or nursing homes.

Information relating to financial terms

Adjusted EBITDA is measured as EBITDA excluding the effects of significant income and expense items which may have an impact on the comparability of earnings such as special non-recurring events.

DISCLAIMER

Forward-looking statements

This announcement contains "forward-looking statements". Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as "will", "could", "may", "should", "expects", "intends", "prepares" or "targets" (including in their negative form or other variations). By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. All subsequent written or oral forward-looking statements attributable to the Company, or any persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. No assurances can be given that the forward-looking statements in this document will be realised. Any forward-looking statements are made of the date of this announcement. Subject to compliance with applicable law and regulations, trans-o-flex does not intend to update these forward-looking statements and does not undertake any obligation to do so.

Important Information

This announcement is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.

This announcement does not purport to contain all information required to evaluate the Company and/or its financial position. Financial information in this announcement is unaudited and certain financial information (including percentages) has been rounded according to established commercial standards. Certain data relating to market volumes included in this announcement is sourced from third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the fairness, quality, accuracy, relevance, completeness or sufficiency of such data. Such research and estimates, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, trans-o-flex expressly disclaims any responsibility for, or liability in respect of, such information and undue reliance should not be placed on such data.

Über trans-o-flex Express GmbH & Co. KGaA

trans-o-flex’s core areas of expertise are logistics solutions for the pharmaceutical, cosmetics and consumer electronics industries and other high-end, sensitive goods. The company has built up transport networks to carry goods at 15 to 25 degrees Celsius or 2 to 8 degrees Celsius actively temperature-controlled and documented in accordance with EU regulations for pharmaceuticals transport throughout Germany and Austria. These EU-GDPs require the highest standards for safety and security, cleanliness, reliability and transparency, from which all trans-o-flex customers benefit. trans-o-flex operates internationally via the networks EUROTEMP (temperature-controlled logistics) and EURODIS (in 36 European countries). In contrast to parcel and groupage services, trans-o-flex delivers parcels and pallets on a consolidated basis. trans-o-flex Express offers numerous express and time-slot deliveries, special services such as hazardous goods transportation (without minimum quantity regulation), consignment consolidation or direct deliveries. The range of services is complemented by warehousing, order picking and individual value-added services such as serialisation and deserialisation of pharmaceuticals. This means that the company covers the entire logistics chain from procurement through to fulfilment. The annual turnover of the trans-o-flex companies, which employ a total of around 1,954 people (FTE end of 2020), amounted to around 515 million euros in 2020. More information is available at www.trans-o-flex.com

Firmenkontakt und Herausgeber der Meldung:

trans-o-flex Express GmbH & Co. KGaA
Hertzstraße 10
69469 Weinheim
Telefon: +49 (6201) 988-0
Telefax: +49 (6201) 988-980
http://www.trans-o-flex.com

Ansprechpartner:
Sabine Kolaric
Leiterin Unternehmenskommunikation
Telefon: +49 (6201) 988-134
Fax: +49 (6201) 988-343
E-Mail: pr@tof.de
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