Fiscal year 2017: TÜV Rheinland continues growth strategy with investments in future-oriented topics
Revenues increase by 2.8% to?1.972 billion / EBIT reaches over ?130 million / Ruth Werhahn new member of the Executive Board / Again more than ?90 million investments in future areas
(PresseBox) - The international testing service provider, T mark.
?2017 was a year of important moves. For three years, we have set the accent on improving profitability. For us this is more important than merely increasing revenues. As a result, we can make considerable investments in important future markets and implement digitalization,? said Dr. Michael Fly satisfied with the result achieved so far ? especially with a view to some global competitors ? but we are on the right track. In a challenging industry environment we continued the successful growth trend of recent years.?
Our home market in Germany developed very positively in 2017. In Germany, Tnal share of sales is currently 45%.
Development in the business streams
Traditionally Industrial Services, Mobility and Product Testing have a strong share in overall revenues, each generating approximately 25%. The revenue trend in the Product Testing business stream was again very good in 2017. Revenues increased by 1% to ?524 million. The Mobility business stream generated revenues of ?508 million (+4.4%). One of the key factors here was very good growth in the Vehicle Inspections and Driving Tests business areas. In the Industrial Services business stream, revenues moved down slightly by 3.4% to ?503 million, mainly due to the weakness of the Brazilian market. In Industrial Services, business was positive in Germany, China and Korea.
The Academy & Life Care business stream with the services of professional qualification and corporate health management developed in a very pleasing fashion. Revenues rose by a moderate 3.2%, but significant progress was achieved in terms of the business stream?s earnings in particular. In the ICT & Business Solutions business stream, Tresults with services for the certification of management systems. Revenues surged by 22.5% to more than ?200 million. This was due to various reorganizational measures, which included sales, and to considerable growth with services in the accreditation business. This includes auditing in line with global standards for quality management, environmental management systems, IT security or occupational health and safety.
Further improving appeal as an employer
The good market trend in Germany is also reflected in workforce numbers. The number of employees in Germany rose by 218 to 8,504 full-time equivalents. Beyond the borders of Germany, headcount increased only slightly by 35, as the more than 300 additional jobs outside Germany were offset by job cuts in Brazil. The Group is currently seeking staff for over 400 vacancies. To increase the appeal as an employer and to convince applicants has become important for T
?To find meaning in one?s own work ? this is what drives Tmeaningful work is is shown in a representative survey of the Civey opinion research institute among over 12,000 people in Germany in April this year. Questioned about what most strongly characterizes a good employer, 26.2% responded the balancing of family, leisure and career. Almost 19% stated job security and over 16% purposeful and varied work. Good development opportunities (11.8%) were ranked higher than good remuneration (9.5%).
Ruth Werhahn: ?Employees at T
In order to further increase its appeal as an employer, the topics of diversity and variety are an important element of the corporate culture at T
Stable financial situation and investments at the level of the previous year
Tear after ?163 million in 2016.
As in the previous years, Tlly in Asia, and completion of the expansion and energy renovations at our Group headquarters. In April 2017, the renovated high-rise building started being used again.
Around ?10 million was invested in new testing labs, particularly for energy efficiency, electromagnetic compatibility and chemical testing. A highlight here was opening the new state-of-the-art laboratory center in Bangalore, India in October 2017 that has 14,000 square meters of space and employs some 300 staff.
Further focus areas for investments included wireless and cyber security. T
Digitalization changes and extends traditional inspection business
For Teral dimensions. First, the internal digitalization and automation of our processes, as well as the expansion of our IT infrastructure. Particularly for us as a ?people company,? digitalization is a question of the culture and skills of the people who work for us. Second, the digitalization of our existing services and customer interface for our customers and our business. And last but not least, we develop new services for the digital economy.?
Digitalization now reaches almost every area of life. This applies to the networking in billions of products and applications in the Internet of Things with the design of the smart home as well as to industrial production with Industry 4.0, the learning and working worlds, health care or infrastructure. Dr. Ftion Regulation, insecure networked consumer electronics or autonomous driving showed the wide range of the issues of cyber security, data protection and criminal practices.
Tr networked products and smart services. The experts are assuming that in as soon as five years every private household will have roughly 500 electric products and household devices connected to the Internet. It is particularly these ?smart? devices which currently offer poor levels of protection. A.
Dr. Fl indicators are pointing to the fact that our work will change very significantly, but that our role as an independent testing organization will remain indispensable.?
The 2017 Twww.tuv.com/corporatereport
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TÜV Rheinland is a global leader in independent inspection services, founded 145 years ago. The group maintains a worldwide presence more than 20,000 people; annual turnover is nearly EUR 2 billion. The independent experts stand for quality and safety for people, technology and the environment in nearly all aspects of life. TÜV Rheinland inspects technical equipment, products and services, oversees projects, helps to shape processes and information security for companies. Its experts train people in a wide range of careers and industries. To this end, TÜV Rheinland employs a global network of approved labs, testing and education centres. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com
Datum: 25.04.2018 - 04:00 Uhr
Sprache: Deutsch
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