Pledge of solidarity and continuity in challenging times

Pledge of solidarity and continuity in challenging times

Schmitz Cargobull shareholders affirm long-term commitment to the company
April 2022 – The strain of the corona pandemic and the impact of the war in Ukraine have given rise to a great deal of uncertainty at both a personal and economic level. As a production company, Schmitz Cargobull has been directly affected by the escalation of prices for raw materials and energy, and the deceleration of economic recovery. At the same time, the company stands for continual growth and greater efficiency, and is driving forward transformation in the transport and logistics industry with innovative, digital solutions. 
 

Unity and solidarity to the company

At the start of Schmitz Cargobull AG’s new financial year, representatives of the shareholders and owner families met to contractually record their cooperation for the next ten years and to confirm the strategic orientation and continuous development of the family-owned company.

“In these unpredictable times, it is highly important to us that we demonstrate our unity and solidarity to the company and its employees, and at the same time provide orientation going forward,” explains Andreas Schmitz, Chairman of the Board of Schmitz Cargobull AG, and one of the three shareholders. 

“This powerful signal of long-term continuity endorses the course set by the company’s management. Together with their staff, they have successfully overcome the challenges and crises of recent years. This is also an expression of our confidence that the Strategy 2025 sets the right focus for the successful future of the company,” adds Dirk Hoffmann, Chairman of the Supervisory Board of Schmitz Cargobull AG, and representative of one of the owner families.

"As shareholders, we are united and think with the future in mind. In the next decade, we will continue the sustainable growth course of the company and together we will push forward the strategic objectives with all our strength," Bernhard Schmitz, member of the family council, is certain. 

Schmitz Cargobull AG is owned in equal shares by the three families of Andreas Schmitz and Dr. Heinz Schmitz, Bernhard Schmitz and Peter Schmitz, and Dirk Hoffmann. Representatives of the three owner families meet periodically to determine the strategic framework conditions for Schmitz Cargobull AG, amongst other duties.
 

About Schmitz Cargobull 
With an annual production of around 61,000 trailers and with approximately 6,900 employees, Schmitz Cargobull AG is Europe’s leading manufacturer of semi-trailers, trailers and truck bodies for temperature-controlled freight, general cargo and bulk goods. The company achieved sales of around €2.3 billion in the 2021/22 financial year. As a pioneer in the industry, the North German company developed a comprehensive brand strategy early on and consistently established quality standards spanning every level: from research and development, through production and service contracts, to trailer telematics, financing, spare parts, and used vehicles.


The Schmitz Cargobull press team:

Anna Stuhlmeier:  +49 2558 81-1340 I anna.stuhlmeier@cargobull.com 
Andrea Beckonert:  +49 2558 81-1321 I andrea.beckonert@cargobull.com
Silke Hesener:  +49 2558 81-1501 I silke.hesener@cargobull.com