Bibby Line Group Reports Improved Financial Performance

Liverpool-based Bibby Line Group (BLG) has today reported an improvement in its financial performance for a second consecutive year, following one of the most challenging periods in its 200-plus year history.

Accounts filed at Companies House show that in the year to 31 December 2018, pre-tax losses narrowed to £15.1m (2018: £51.1m) while turnover reduced to £822m (2018: £922.9m).

John Cresswell, BLG CEO said, “As expected, 2018 was a challenging year for Bibby Line Group, but our improved financial performance shows that the actions we have taken have considerably stabilised the Group’s position.

“Our focus for 2019 remains on improving financial performance as we develop our portfolio, while continuing to invest in our businesses, people, and our products to deliver exceptional customer service.

“Market conditions in 2019 remain challenging across most of our sectors and we are mindful that we are operating in extremely uncertain political and economic times. We will adjust plans accordingly to mitigate risks and seize opportunities as we seek to develop the business further”.

Read the report here