The TGW Logistics Group, the Austrian specialist for materials handling and warehouse automation, is back on the growth track after the economic crisis. With about 1,200 employees worldwide, the company generated sales revenues of 296.8 million Euros in the past financial year, a 34% increase compared to the year before.
In the business year 2010/11 closed on June 30, 2011, the materials handling solution provider TGW Logistics Group headquartered in Wels (Austria) could generate a 34% increase in revenues to 296.8 million Euros. "This figure represents the biggest annual turnover in the history of our group of companies", says TGW President Georg Kirchmayr. "We were able to further strengthen our position in the core markets in the past financial year. Furthermore, we continued our internationalisation strategy and established new representations." Last year's expansion strategy in particular included the foundation of subsidiary companies in France and Sweden as well as the establishment of a representation office in China.
But not only the revenues develop positively, also the economic result meets the expectations. With earnings before interest and taxes (EBIT) of 18.4 million Euros TGW could exceed last year's result by 24.2 %. "These earnings enable us to invest in innovations in the future and to further extend our corporate network", adds Georg Kirchmayr. In the past business year alone, TGW spent more than 10 million Euros on the development of new system solutions, logistics software and new products.
Furthermore, comprehensive measures were taken to optimise the energy efficiency of TGW’s logistics solutions. These measures are crucial to improve the carbon footprint of the systems, many of which will be operated by TGW’s customers for decades.
Georg Kirchmayr expects further growth in the current business year. His plans include the continued extension of TGW's presence in regional markets as well as important investments in the development of new products and solutions.