Profitable Growth
© COPYRIGHT 2024 ROYAL DEN HARTOGH LOGISTICS. ALL RIGHTS RESERVED
Strategic alliance
To jointly explore resources and networks and achieve synergies which enhance operational efficiency as well as new business opportunities, Den Hartogh entered a strategic alliance with South-Korean company Daelim Co in 2023. Daelim specialises in providing petrochemical products, logistics and shipping. This milestone marks a significant step in our future collaboration not only in ISO Tank logistics services, but also worldwide chemical supply chain solutions.
Indonesia
We strengthened our global network with the opening of brand-new offices in Jakarta and Surabaya, and we will continue expanding our domestic and regional presence in Indonesia serving the Polymer industry.
Workday was implemented, an all-in-one system that integrates People & Culture processes. It simplifies job categorisation, team structures and career growth while offering real-time data and analytics for managers, user-friendly self-service for employees and improved data management. This transition enhances our capabilities in analytics, cultivates employee experiences and provides more in-depth insights into our workforce.
New driver communication software has been developed to improve and enhance the communication process, giving drivers more accurate action-based instructions and a better workflow. Mission Planner has been implemented in close to 50% of our European trucks by the end of 2023. Implementation in the remaining European trucks within the scope of the project will take place in early 2024.
We have continued to invest in digitisation to advance our journey of positioning Den Hartogh as a strategic differentiator and to facilitate Den Hartogh’s Roadmap to SPECE.
Our supply chain visibility portal has been upgraded to share relevant shipment information in real time. Replacement of our transportation management system (TMS) transitioned Den Hartogh to a more adaptive hub-and-spoke architecture.
To improve communication with all non-office colleagues, we have invested in a modern employee app. Den Hartogh Inside, powered by Speakap, now connects our frontline and office workforce.
Digital investments
Almost every quarter we received new T-75 cryogenic tank containers which were almost immediately sold-out again
Refurbished containers
In 2023,
the total
investments
reached
€ 59 million
The current decrease in demand and increased supply of tank containers in the market provides the industry with a challenge in right-sizing their fleets. This always has been a focus for Den Hartogh, however, one it will continue to focus on in 2024 and beyond.
We have also invested in our existing fleet by remanufacturing. We continued our container refurbishment programme as reusing materials is part of our sustainability initiatives.
Total investments nearly reached €59 million in 2023, slightly lower than the previous year, which is in line with market conditions. We invested in our fleet, the vast part being investments in new equipment to support Den Hartogh’s growth pipeline:
The drop in demand did result in lower utilisation rates for our tank containers. We invested in new-build tank containers for the business units Liquid Logistics and Global Logistics and reduced part of our rental fleet, resulting in a slight decrease in our overall fleet size.
We continued to place orders for T-75 gas tanks, and have ordered almost 800 new 30ft dry bulk containers which will bring our total 30ft fleet to 5,000 upon delivery. As well as adding additional 20ft bulk containers to the APAC region, we have also developed 40ft bulk units which, in addition to operating domestically, can be easily shipped and railed within the region.
Investments
2023
MILLION
TURNOVER
2023
EBITDA
€67 million
compared to €98 million in 2022.
compared to €741 million in 2022
With overcapacity in the market, margins started to come under pressure in the second half of the year, causing a decrease of revenue compared to 2022 and a 30% decrease in EBITDA. The result in 2023 is a turnover of €603 million compared to €741 million in 2022 and an EBITDA of €67 million compared to €98 million in 2022.
After two successful and record-breaking years, we had to take a step back in 2023. The economic and geopolitical turmoil has dealt a severe blow to the chemical industry, and this has had a direct impact on our revenue.
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Profitable Growth
P
Strategic alliance
To jointly explore resources and networks and achieve synergies which enhance operational efficiency as well as new business opportunities, Den Hartogh entered a strategic alliance with South-Korean company Daelim Co in 2023. Daelim specialises in providing petrochemical products, logistics and shipping. This milestone marks a significant step in our future collaboration not only in ISO Tank logistics services, but also worldwide chemical supply chain solutions.
Indonesia
We strengthened our global network with the opening of brand-new offices in Jakarta and Surabaya, and we will continue expanding our domestic and regional presence in Indonesia serving the Polymer industry.
© COPYRIGHT 2024 ROYAL DEN HARTOGH LOGISTICS. ALL RIGHTS RESERVED
Workday was implemented, an all-in-one system that integrates People & Culture processes. It simplifies job categorisation, team structures and career growth while offering real-time data and analytics for managers, user-friendly self-service for employees and improved data management. This transition enhances our capabilities in analytics, cultivates employee experiences and provides more in-depth insights into our workforce.
New driver communication software has been developed to improve and enhance the communication process, giving drivers more accurate action-based instructions and a better workflow. Mission Planner has been implemented in close to 50% of our European trucks by the end of 2023. Implementation in the remaining European trucks within the scope of the project will take place in early 2024.
2023
MILLION
TURNOVER
2023
EBITDA
€67 million
compared to €98 million in 2022.
compared to €741 million in 2022
Almost every quarter we received new T-75 cryogenic tank containers which were almost immediately sold-out again
Refurbished containers
In 2023,
the total
investments
reached
€ 59 million
The current decrease in demand and increased supply of tank containers in the market provides the industry with a challenge in right-sizing their fleets. This always has been a focus for Den Hartogh, however, one it will continue to focus on in 2024 and beyond.
We have also invested in our existing fleet by remanufacturing. We continued our container refurbishment programme as reusing materials is part of our sustainability initiatives.
Total investments nearly reached €59 million in 2023, slightly lower than the previous year, which is in line with market conditions. We invested in our fleet, the vast part being investments in new equipment to support Den Hartogh’s growth pipeline:
The drop in demand did result in lower utilisation rates for our tank containers. We invested in new-build tank containers for the business units Liquid Logistics and Global Logistics and reduced part of our rental fleet, resulting in a slight decrease in our overall fleet size.
We continued to place orders for T-75 gas tanks, and have ordered almost 800 new 30ft dry bulk containers which will bring our total 30ft fleet to 5,000 upon delivery. As well as adding additional 20ft bulk containers to the APAC region, we have also developed 40ft bulk units which, in addition to operating domestically, can be easily shipped and railed within the region.
Investments
We have continued to invest in digitisation to advance our journey of positioning Den Hartogh as a strategic differentiator and to facilitate Den Hartogh’s Roadmap to SPECE.
Our supply chain visibility portal has been upgraded to share relevant shipment information in real time. Replacement of our transportation management system (TMS) transitioned Den Hartogh to a more adaptive hub-and-spoke architecture.
To improve communication with all non-office colleagues, we have invested in a modern employee app. Den Hartogh Inside, powered by Speakap, now connects our frontline and office workforce.
Digital investments
With overcapacity in the market, margins started to come under pressure in the second half of the year, causing a decrease of revenue compared to 2022 and a 30% decrease in EBITDA. The result in 2023 is a turnover of €603 million compared to €741 million in 2022 and an EBITDA of €67 million compared to €98 million in 2022.
After two successful and record-breaking years, we had to take a step back in 2023. The economic and geopolitical turmoil has dealt a severe blow to the chemical industry, and this has had a direct impact on our revenue.
SCROLL DOWN
Profitable Growth
P
