Figures Umdasch Group 2008

Amstetten, 2009-05-07

The year 2008 marked a painful turning point for the global economy. The worldwide financial crisis and its spread to the real economy drove the USA, Japan and large parts of Europe into a recession during the fourth quarter after a period of strong growth. In spite of these developments, we can still be more than satisfied with the past business year.

Our two corporate groups recorded a substantial improvement in revenues, which supported an increase of 10% in Group revenues to EUR 1.18 billion. Another positive note is the sound development of earnings in spite of a more difficult market environment. All our financial indicators confirm that Umdasch is a very strong company: ROS, ROI and profit on ordinary activities remain in the double-digit percentage range. We were also able to increase our traditionally high equity ratio to an impressive 46% despite the growth in the balance sheet that accompanied our high pace of investment.

Doka Group
Continued profitable expansion

In 2008 the Doka Group successfully continued along the profitable growth track it has followed in recent years. With revenues growing by around 10% to EUR 923 million, the strategic growth targets for the year were more than met. The distribution network was expanded and optimised, in both geographical and qualitative terms. The resulting greater closeness to customers and the increased efforts to strengthen Doka’s engineering and sales capabilities had a positive impact in its markets. The new products unveiled at the bauma 2007 have been very well received on the market and demand is developing satisfactorily. An average of 5,874 persons were employed by the Doka Group during 2008.

Umdasch Shopfitting Group
Ready for new challenges

With an increase of nearly 8 percent in revenues to EUR 254 million, the Umdasch Shopfitting Group also continued to strengthen its leading position on the European and international shopfitting scene in other respects. Not only the growth in revenues but also the sound development of earnings are satisfying. However, the individual markets have not developed uniformly due to their different basic conditions. One of the principal success factors is the strength of the group as a whole, based on a relatively broad regional and sector-specific distribution of risk.


More on this topic (Annual report of the Umdasch Group 2008)

Werner Reicher
Umdasch AG
Josef Umdasch Platz 1
3300 Amstetten, Austria
Tel. +43 (0) 7472/605-2005
Fax +43 (0) 7472/605-3600
E-mail: werner.reicher@umdasch.com