Fiscal Year 2017

A strong year for the TÜV Saarland Group

Last Friday, 22 June 2018, the TÜV Saarland Group published its financial figures for 2017 in the course of its General Meeting.

The TÜV Saarland Group can look back on a successful year which it concluded with the highest operating profits to date.

With a 6.5% increase in the total operating performance of all affiliated and associated companies to € 83 million, it proved possible to increase the operating profit (EBIT) by 12.7 % to € 3.24 million in the TÜV Saarland Group compared with the previous year.

Following from the overall performance of the Group, a total of 679 employees were employed on 31/12/2017, an increase of 4.5 % over the previous year.

Continued strong economic performance in Germany and Europe continued to stabilise the market for technical services. The increasing pressure as a result of the high level of employment and the current lack of highly qualified specialists also increased the need for technical services, employee qualifications and certifications.

In this positive business environment, all lines of business of the TÜV Saarland Group, together with the academy business of TÜV Saarland Bildung + Consulting GmbH, were able to significantly improve and showed a growth in sales of over 3 %.

Thanks to high market demand the business area of non-destructive testing which serves the entire value creation chain with the affiliated companies Vector TUB GmbH (training & qualification), Sector Cert GmbH (certification), ZWP Anlagenrevision GmbH (new non-destructive testing procedures for lighting columns, pre-stressed concrete columns, corrosion testing on pipework) and SG-Qualitätssicherung GmbH (classic non-destructive testing procedures for testing technical plant and structures in Swiss nuclear power plants and the chemical industry), grew at an above-average rate in 2017 in comparison with the previous year with a sales increase of about 25 % and a 63 % profit increase. In spite of this gratifying development, the change in the energy and industrial landscape, the dominant clientele of classic non-destructive testing marks a turning point. Intensive activities by all non-destructive testing companies of the TÜV Saarland Group are targeting future innovative test procedures or modern sensor technology with intelligent analysis of material and process data in order to develop recommendations for action for maintenance, servicing or troubleshooting.

The speech given by Professor Bernd Valeske during the TÜV Saarland e.V. general meeting made the changes in the market and its requirements very clear and illustrated the necessary subsequent development of modern non-destructive testing and status monitoring of products through the entire life-cycle.

tekit Consult Bonn GmbH achieved significant growth and financial success. In the fast-growing market for IT security, the company in Bonn, and with its new branch in Berlin, grew by almost one quarter.

TÜV Saarland Immobilienbewertung GmbH was able to achieve even greater growth. The growing demand for property valuation of the highest quality and also the acquisition of a large bank as a client made a 70% increase in sales possible and therefore the company’s best fiscal year.

It was also possible to build up the business area of certifications last year. With flexibility, availability and customer proximity, TÜV Saarland Certification GmbH and also the business area TÜV Service Certification of TÜV Saarland Holding GmbH were able to grow significantly. The continuing low interest rate policy continues to drag on the business for non-accredited certification services, but the exploitation of new market fields and the progressive cooperation with other companies of the TÜV Saarland Group will reflect positively overall on certification activities.

“proTerra Umweltschutz – und Managementberatung GmbH Umweltgutachter“ was also able to achieve a consistently high sales and profit performance in 2017. Excellent service quality in the areas of occupational health and safety, emissions trading, energy consulting and legal compliance for the environmental and energy sector are the cornerstones of the sustainably successful company.

The classic business areas of Industry & Automotive have shown themselves to be positive and stable overall. While SGS-TÜV Saar GmbH was able to increase its overall performance by about 5 % in the industrial sector, TÜV Saarland automobil GmbH in automotive engineering had to accept a drop in sales of about 1 %, which is due to periodic change, in particular the two-year testing cycle of the roadworthiness test.

Konstruktionsbüro Bauer GmbH in Wadern is no longer part of the TÜV Saarland Group. Following an earlier resolution of the supervisory board the specialist for flared tube and seam technologies for the automotive industry was sold to the Indian RLE Manufacturing Engineering Group with effect from 5 June 2018. It forms part of the RLE International Group with headquarters in Cologne, and is a provider of development, engineering and construction services for the global automotive industry. The sale to the RLE Group provides Konstruktionsbüro Bauer GmbH with technological and economic competitive opportunities for development.

Success once again in 2017 allows the TÜV Saarland Group to also look towards the current fiscal year 2018 with great confidence.

All companies of the TÜV Saarland Group are observing changes in the industries and markets very closely. Energy change, changes in mobility, autonomy of machines, robots and vehicles, digitisation and artificial intelligence are not seen as a threat, but rather as an opportunity and market potential.

New or changing business models become challenges and in future will form the basis of the work of the TÜV Saarland Group.

The obligation to provide security and to protect people from the harmful influences of technical facilities and equipment will become multi-dimensional in future and underlines the task of the Technische Überwachungs-Verein Saarland e.V.

Sulzbach, 22/06/2018

Responsible:

TÜV Saarland e.V.
Carsten Schubert
Chairman of the Board of Directors
Tel.: +49 (0) 68 97 / 5 06 -0
Fax.: +49 (0) 68 97 / 5 06 -2 05
Email: info(at)tuev-saar.de