News

Plus 35 % in Order Intake

24.08.2010

TGW Logistics Group is growing again after two difficult years in the worldwide economic crisis.

The international systems integrator for material handling and storage solutions with 1100 employees ended the last fiscal year with an expected reduction in revenues whilst boosting its order intake. Thus TGW created a solid basis for its future growth.

The TGW Logistics Group closed its fiscal year 2009/10 with an order intake of € 280.5 million, which is 35.2 % higher than in the previous year. “Our strategy of strengthening and enlarging the systems integration business proved to be successful in this last year", says TGW-President Georg Kirchmayr. "Especially our commitment to the core markets has resulted in some very important new orders.” During the last fiscal year TGW has still suffered from the consequences of the worldwide economic crises. A 14.7 % decline in revenues to € 221.5 million and the high pressure on the margins lead to a reduction in corporate financial results. Kirchmayr: “Despite the adverse market conditions we were able to outperform our plans with earnings before interest and tax (EBIT) of € 14.8 million.”