Annual Report 2013: TÜV NORD GROUP: Strong Market Position Confirmed

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TÜV NORD GROUP confirmed its strong market position at home and abroad last year and has presented a solid set of figures.

Hanover, Lower Saxony, Germany, April 2, 2014 - (PressReleasePoint) - Testing and certification in Germany in the area of Industrial Services proved particularly successful. The slightly reduced Group turnover and the reduction in EBIT are basically attributable to the Training and Natural Resources Business Units. Despite the large number of new employees who have joined the company (568), the number of those working full time in the Group in Germany and abroad has fallen slightly to 9,925 (2012: 10,001). The Chairman of the Board of Management, Guido Rettig, is cautiously optimistic regarding business prospects for 2014. 

On the occasion of the Annual Report Press Conference in Hanover, Rettig described the situation as follows: “Even if we have not been able to match the superb results of previous years this time, overall we can still be satisfied with the progress and development of the Group. The German industrial business with our core competences of Testing, Inspection and Certification was extremely positive last year. And the figures from the first few months of this year indicate another good year in 2014.
Rettig attributed the slight reduction in turnover above all to the restructuring of the Training area. The subdued nature of the world economy as a whole, the weakness of the economies of Southern Europe, the volatile nature of the natural resources business and also unfavourable currency exchange markets also played a part. Rettig: “Our worldwide markets developed in very different ways in 2013. However, we have still managed to keep the proportion of our foreign business stable, at 25 per cent. We will go on actively pursuing the strategic course we have set, with the focus on growth, internationalisation and innovation. In our sector, business framework conditions change particularly fast. That is why we will continue to build even more strongly on new products and innovations in the years to come.” 
The Chief Financial Officer of TÜV NORD GROUP, Elmar Legge, explained that the reduction in turnover was primarily attributable to consolidation measures in the Training Business Unit. This alone had led to a reduction in turnover of € 20 million. Legge justified the reduction in earnings with the heavy losses in the Natural Resources Business Unit, in strong contract to previous performance. Due to the weakness of global markets for natural resources, geosurvey and exploration projects have been postponed throughout the world. Legge emphasised that without exchange rate and portfolio effects, earnings were well within expectations. Legge: “The Group successfully continued its solid financial policy in 2013, and we have strengthened the financial basis of the Group. Own capital has risen to € 120.5 million, which is an increase to 16.2 per cent, following 15.7 per cent in the previous year.”
Providing for pension obligations remains a particular challenge, and counter-indemnity for pension reserves was increased again by € 11.7 million to € 718.1 million.Legge emphasised that it had also again been possible to raise investment into the operative side of the business, to € 36.1 million (2012: € 35.7 million).
A total of € 8 million has been invested in building the new data centre. The building is one of the most modern of its kind in Germany and meets very high security standards (Trusted IT Site Level 3). Availability reached an extremely high 99.9 per cent. Currently, all the German IT systems are being brought together at the Hanover site, and migration of international TÜV NORD companies will begin in the second half of 2014. In future, this centralisation will save more than 300 tonnes of CO2 each year. The centre is already working at almost full utilisation due to use by TÜV NORD and renting of IT capacity to an insurance company. TÜV NORD GROUP intends to develop its activities in this area on an ongoing basis in the coming years.
TÜV NORD GROUP wishes to secure its know-how advantage to the benefit of its clients through international partnerships with universities and other organisations, and also to open up new areas of activity for its business. An example of this is the joint use of laboratories for certification of cranes and offshore installations that has been agreed with Shanghai Maritime University. 40,000 merchant ships currently carry 90 per cent of goods traffic worldwide, and the importance of large ports within logistics chains will continue to grow. This cooperation is therefore extremely significant over the long term. 
The year 2013 was characterised by revelations of wide-ranging penetration and espionage in the worlds of digital media and communications technology. The TÜV NORD subsidiary TÜViT has been a specialist in the prevention of cyber attacks on commercial organisations for many years now. Cooperation with the company mediaTest digital, based in Hanover, has opened the door to a new dimension here. In the “Application Security Center” (ASC) joint portal, companies can find all the solutions they need for the security of their mobile end devices and for the entire area of Enterprise Mobility. This offering, which is unique within Europe at the present time, is primarily aimed at companies and App developers.
With over 10,000 employees, TÜV NORD GROUP is one of the largest technical service providers, offering its advisory, service and inspection expertise in over 70 countries throughout the world. Areas of activity include Industrial Services, Mobility, IT and Education and Training. TÜV NORD GROUP occupies a unique position in the sector based on its work in the fields of natural resources and aerospace and is firmly committed to its guiding principle and watchword: “Excellence for your business”.


Press Contact:
Sven Ulbrich
Corporate Communications
Am TÜV 1
30519 Hanover
+49 511 998-61540
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