Time-critical logistics specialist time:matters generated €108 million (US$132 million) in sales revenue for 2017, a year-on-year increase of 55%, according to results released by the company.

“We are delighted with the strong growth in 2017 and proud that we have continued to meet our customers’ high quality requirements in spite of the increased transport volumes, as also reflected in our awards,” said Christian Mörtl, COO of time:matters.

Growth was particularly evident in the automotive, semiconductor and high-tech sectors.

During the year, the company expanded its operations with the opening of its first Sameday Air station outside of Europe in Tel Aviv. time:matters also launched airmates, its global digital on-board courier platform for the accompanied transport of especially urgent and sensitive shipments, and enhanced its shipment processes by introducing automated tracking.

“As a leading expert in high performance and special speed logistics, we have greatly exceeded our growth targets for 2017 and will continue to focus in 2018 on the geographic expansion of our transport solutions and processes,” said Alexander Kohnen, who was appointed the new managing director of strategy and sales at time:matters in late 2017. “Besides this, we continue to focus on developing our expertise in our focus industries and digitizing our offering.”