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Managing Director of Hellmann Worldwide Logistics UK, Andy Connor, has announced that all products in its UK division of the family owned German logistics provider are trading in line with their respective budgets for this year.

This comes after a major improvement to financial results from 2014 to 2015.

While actual turnover in 2015 stayed at similar levels to 2014, operating profit in all products showed significant improvement, having benefitted from the full implementation of a variety of initiatives to improve processes, operating procedures and procurement.

The Sea Freight division saw its operating profit rise by more than 100%, while European Road Freight reported bottom line improvements in excess of 30%.

So far this year, the consolidated operating profit is 8% ahead of budget and ahead of the financial results for last year.

While the full implications of the Brexit vote are not yet known, Hellmann UK remains well positioned to cope with the inevitable challenges in the future.

Currency risks are still proving to be a challenge, especially given the after effects on trading caused by the Sterling’s devaluation in the wake of the Brexit vote.

Following the UK’s decision to leave the European Union, the Sterling slumped to a 31 year low against the dollar and the Euro, dropping from £1.30 to 1 Euro on the day of the referendum to £1.17 to 1 Euro.

Connor commented: “Despite the period of uncertainty that Brexit has created, Hellmann will continue to move forward with future development plans.”

This will include an ambitious plan to expand the thriving Hellmann Account Manager graduate scheme in two new locations during next year.

Since its inception in November 2008, the scheme has grown from the four original members based at the UK headquarters in Lichfield to 30 across six branches throughout the UK.