Zeppelin Group secures high levels of market share due to healthy volume of orders despite difficult conditions
- Group sales: EUR 2.33b
- Group’s earnings before taxes on income and earnings:EUR 81.2m
- Average workforce over the year: 7,801 (including trainees)
The 2015 fiscal year was a successful one for the Zeppelin Group given the difficult market environment in many aspects in Russia and Ukraine. Group sales totaled EUR 2.33b (previous year: EUR 2.3b), while the Group’s earnings before taxes on income and earnings increased year on year to EUR 81.2m (previous year: EUR 71.6m). The average number of employees was 7,801 (including trainees).
As in the previous year, the crisis in Ukraine and Russia had a markedly negative impact on Zeppelin in the 2015 fiscal year. Through targeted measures and prudent action by management, the Group was nevertheless able to increase its earnings year on year despite the difficult market conditions. A healthy volume of orders in all strategic business units secured high levels of market share. Even in the territories served by the Construction Equipment CIS business unit, thanks to stable service business, profitability was ensured despite challenging market conditions and a contraction in the construction machine market of around 70%.The Construction Equipment EU strategic business unit saw an extremely successful fiscal year. Market shares were further expanded and the machine population increased, meaning that the highest sales of the past four years were achieved. The Rental strategic business unit responded to the unfavorable situation in Russia and Ukraine by adjusting its business model and capacity levels.In 2015, the Power Systems business unit was hit particularly hard by the subdued demand from the oil and gas industry. However, demand for flexible energy solutions and combined heat and power plants showed a positive trend. The business unit also enjoyed successes in the cruise ship sector and with agricultural and construction machine manufacturers in the industrial engines area.
The Plant Engineering business unit maintained its good position on the market in 2015 and increased its profitability year on year, securing several major orders in the areas of manufacturing and processing plants for plastics.The course was set for further success by optimizing processes at international production sites and continuing to restructure operations in order to meet the needs of the different markets.
“In 2015, we coped well and developed our Group successfully, despite the many difficulties encountered. Particular attention was paid to the volatile markets of Russia and Ukraine, which have a major impact on our activities,” explains Peter Gerstmann, Chairman of the Management Board of Zeppelin GmbH. “By expanding new business areas and further developing the Group-wide finance and risk management system, we increased our earnings year on year,” says Christian Dummler, Member of the Management Board and CFO of Zeppelin GmbH. “Once again, we successfully demonstrated our solutions competence and improved our position as a provider of sustainable customer solutions. Our employees, who bolster the Group’s success even in challenging times thanks to their independent work and extensive expertise, play an important part in this,” says Gerstmann, summing up the year.