Helmann Worldwide cuts turnover and losses in 2020 as volumes slide


 

Hellmann Worldwide Logistics saw revenue reduce by 5.3% last year as it battled the twin challenges of Brexit and the Covid-19 pandemic. Latest financial results for the year ending 31 December 2020 showed that turnover at the global freight forwarding and logistics service dropped to £80.1m from £84.5m in 2019. Air and ocean freight made up the bulk of its turnover (£56.9m), with road freight generating £17.4m and contract logistics £5.8m. It also turned in a pre-tax loss of £1.8m, […]