time:matters revenue grows 12.7% to €121.5 million

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Having had a record breaking year in 2017, sales revenue at time:matters increased by 12.7% to €121.5 million in 2018.

In 2018, time:matters focused on digitisation of its service portfolio and now offers fully automated tracking information updates, invoicing and other core elements.

Expanding the network was also important, with 15 stations being added in the US and one in Mexico to its Sameday Air network.

time:matters acquired CB Customs Broker and Customs Broker Cargo Handling in September, expanding its operational processes and adding customs clearance and cargo handling options to its service portfolio.

The onboard courier platform was further upgraded in line with customer needs, with revenue generated through the service rising considerably since its launch in 2017.

Alexander Kohnen, CEO of time:matters says: “We will continue on this path in 2019, while working on state-of-the-art digital solutions for our customers and increasing our breadth of industry expertise for our customers in the life and health, automotive and high-tech and semi-con segments.

“We are planning further expansion, especially in the Asian market and the US, and are also ready for various Brexit outcomes thanks to our many years of experience and flexible logistics solutions.”