German ‘special speed logistics’ company time:matters improved its profits last year and achievedrecord revenues.
The company, a Lufthansa subsidiary, generated revenues of €78 million in 2010. It did notdisclose the previous year’s revenues but said it had grown both in 2009 and 2010. Profits improvedto an undisclosed level.
Time:matters said its services, based on flexibility and speed, offered customers customisedtransport concepts and short-term solutions to problems. These had proven particularly effectiveagainst the background of a volatile economy, strikes and the ash cloud incident last year.
“We are assuming that the challenges of the year 2010 will become normality in the future,”said managing director Franz-Joseph Miller. “We are continuing to ready ourselves to set up andimplement customer-specific solutions as rapidly as possible.”
The company added that the positive development of its European branches and strong growthout of Asia had reaffirmed its expansion strategy. It continues to expect above-average growth upto 2015 thanks to internationalisation and its focus on ‘special speed solutions’.
“We are motivated by the confidence of and close cooperation with our customers to furtherexpand our services and solutions,” Miller added. “We are driven by a clear focus on quality andservice excellence for our customers, the further development of our core business and expansion ofour presence in Europe and Asia,” he concluded.
