TÜV NORD GROUP Annual reports
Our current Annual Report and the Reports from previous years can be downloaded here. The Annual Report contains the key figures regarding the business development of TÜV NORD GROUP and articles from the individual business units.
Annual Report 2012
The TÜV NORD GROUP grew once again in 2012. Turnover rose to € 1,085.5 million. This marks an increase of 6 percent compared to the previous year (2011: € 1,025.1 million). Operating profit (EBIT) increased by 22 percent to € 52.8 million. This is the highest figure since the founding of the Group. The return on sales, as measured by EBIT, was 4.9 percent, up from 4.2 percent in the previous year. Income stabilised at a value of €30.1 million, up from € 10.7 million in the previous year; profits are to be allocated to the financing and safeguarding of staff pensions.
Download the Annual Report as a PDF file and use the following links for further information:
Annual report 2012
- Press Release Annual Report 2012
- eMagazine: TÜV NORD GROUP Annual Report 2012
- eMagazine: Perspectives - A portrait of TÜV NORD GROUP
Current Annual Report as an eMagazine
Letter from the CEO - Annual Report 2012
Dr. Guido Rettig, Chairman of the Board of Management of the TÜV NORD GROUP
Ladies and Gentlemen, Clients and Partners,
The last business year brought further success for the TÜV NORD GROUP. The Group was able to maintain its market position. Turnover increased by 5.9% to € 1,085.5 million (2011: € 1,025.1 million). This translates into an increase of almost one-third (30.7%) over the last five years. The earnings before interest and tax (EBIT) rose by 21.8% to € 52.8 million. The operating margin, measured in terms of the EBIT, amounted to 4.9%, having been 4.2% in the previous year.
These figures show that the Group is on a stable path. There was no deviation from the strategic course; in comparison to the competition, a very high level of organic growth was recorded in percentage terms. This is all eloquent testimony to the strong performance of our staff.
25% of the overall turnover was accounted for by international trade. Above-average growth was recorded particularly in China, but also in Latin America. TÜV NORD GROUP is an effective partner to its customers in the world’s dynamic growth regions.
Economic development in Europe was once again overshadowed by the continent’s debt crisis. Group companies were affected by recession, especially in southern Europe. Notwithstanding these difficulties, high levels of staff flexibility and our wide-ranging services portfolio resulted in modest increases in turnover, for example, in Greece. At the same time, our Spanish subsidiary Cualicontrol was confronted with a drop in orders reflective of Spain’s economic woes. To head off the prospect of redundancies within the TÜV NORD family, several engineers from Madrid have now relocated to Hanover, Essen and Hamburg.
Changes to our organisation and structure, completed by the end of 2012, have helped strengthen our international market presence. The intention is for products and services to reach global markets more swiftly. The management of competence centres in sectors such as aerospace, food safety and photovoltaic technology and the coordination of major industrial projects have now been handed over to group companies outside Germany.
Intensive discussions have now begun with the EU Parliament and Commission in respect of the restructuring of energy supplies in Europe. Companies of the TÜV NORD GROUP are contributing their market knowledge and expertise to the cause of creating a sustainable energy infrastructure, e.g. in the development of electric vehicles, the expansion of wind energy, the definition of standards for smart electricity grids and consumer protection. Fossil fuels will continue to be essential if security of supply and stable energy prices in Germany are to be guaranteed. The country’s political leadership must not delay the creation of reliable conditions to render possible the construction and operation of efficient conventional power stations. Gas, oil and coal still have an important role to play. It should be possible within the framework of stringent environmental protection conditions to test out new technologies, such as the extraction of unconventional gas through fracking. The only way to gain the approval of the German population for such endeavours will be to ensure that they are fully involved right from the outset.
The strategy of the TÜV NORD GROUP can be simply distilled into the three core terms of Growth – Internationalisation – Innovation. Their implementation is setting in motion a dynamic process, to which the reports and figures presented in this annual report all bear witness. A new market presence is underscoring our aspiration to tap into business sectors and markets above and beyond traditional technical monitoring services.
The TÜV NORD GROUP logo and “Excellence for your business” claim bring together the brands which define us most – TÜV NORD, DMT and ATN – and the various fields of expertise which this diverse group has to offer.
The current year has begun very promisingly. We expect renewed growth in turnover and income. The intention is to engage in M&A activities to further supplement our services portfolio, especially in the IT field.
In the name of the entire board, I would like to extend my heartfelt thanks to our 14,000 staff across the globe. Every one of you has made a contribution to the success of the Group. Our thanks also go out to the staff representatives.
Last but not least, we wish to thank our business partners and customers for your confidence in us. We will do everything in our power to continue to provide consulting and other services of outstanding quality.
Dr Guido Rettig
Chairman of the Board of Management of the TÜV NORD GROUP
Key figures of TÜV NORD Group at a glance
|EBDIT (before non-operating items)||83.0||76.3|
|EBIT (before non-operating items)||
|Net financial position||11.5||11.4|
Revenue in 2012 by business unit (%)
Revenue in 2012 by region (figures in € million)