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Umdasch Group back at pre-crisis record level

Supplier: Doka Formwork Australia
11 June, 2013

For the second year in succession, the successful Amstetten-based family firm was able to increase its revenues by a significant amount.

With growth of almost 10 per cent, revenues increased last year to €1.059 billion. In 2012 the Umdasch Group thus achieved its second-highest revenues since the record year 2008, thereby returning to its pre-crisis levels.

Growth through promotion of international business

Although the economic environment continues to present problems, the Group with its two divisions, the Doka Group and the Umdasch Shopfitting Group, developed well above the average for the sectors concerned. In an international comparison the Umdasch Group was able to gain important market shares.

This success can be traced back not least to the strategy of international expansion which the company has adopted, through which notable growth was achieved especially in Latin and North America as well as in Asia and the Middle East.

In these regions an increase of 21 per cent was recorded. In combination with a solid business development in the core markets this made it possible to achieve an excellent overall performance in 2012. In addition to the revenues, the concern also increased its EBITDA, which improved by 3.4 per cent compared with the previous year.

"The past year shows us clearly that the group's strategic orientation is correct. And so we shall continue to pursue our chosen path with energy," Andreas Ludwig, Chairman of the Umdasch Group, said.

Broadly based investment as the basis for continued business success

In order to main this high level of growth, the Umdasch Group is continuing to invest in international expansion. Sales in the growth markets were markedly strengthened during 2012, with the geographical focus lying primarily on the emerging markets. New branches were established, for example in Mozambique and Peru. During 2012 the lion's share, amounting to almost € 100 million, lay in investments in installations and acquisitions such as the purchase of the sales partner in Switzerland. The Group also invested to a considerable extent in staff; the number of people employed worldwide increased by 368. Thus, during 2012, the Umdasch Group recorded an average of 7,430 employees. Since qualifications are also important, an international succession and talent management system and a tailor-made staff development programme were introduced and the continuous improvement process “Great Place to Work” was implemented.

The financing base for all these growth measures was the issue of a bonded loan amounting to € 200 million last autumn. This permits the concern to pursue its expansion policy independently of developments on the money and capital markets. The concern's equity ratio lies at about 50 per cent and will be maintained at this level.

Doka Group achieves remarkable increase in revenues of +12 per cent

The past business year was once again characterised by a highly dynamic situation and volatile markets. Through the consistent focus on non-European markets it was possible to achieve an increase in revenues which lay well above the current market growth rate. With an increase in revenues of almost 12 per cent the Doka Group sets the standard in the market as well as in competition. In Austria too, Doka Austria demonstrated its expertise and performance capability in the implementation of numerous challenging projects such as the Kühnsdorf tunnel on the Koralm railway and the Lehen power station in Salzburg. The company can also point to a large number of international showcase projects, including the Lotte World Tower in Seoul, at 555 metres the tallest building in East Asia.

The Doka Group was able to demonstrate its specialist expertise in the field of formwork technology in the two 135-metre-high pylons for a bridge over the Orinoco in Venezuela, as well as in the construction of the Tverlandsbrua in Norway. Outstanding projects in 2012 also included the Twin Towers in Qatar, the Minerva Tower in Mumbai, the Taunus Turm in Frankfurt, the Bouregreg Bridge in Morocco and the Midtown Tunnel in the United States.

In addition to implementation and execution, during the last year the Doka Group also focused on the services and consultancy sectors — strategically speaking an important extension of the company's portfolio which it will continue to promote in future.

Click here to read the complete press release from Doka Formwork Australia