Press releases

01.04.2021, Garching near Munich

Zeppelin Group: Special Recognition for Employees during the Pandemic Year

Group will pay coronavirus bonus worldwide 

Despite the difficult circumstances due to the COVID-19 pandemic, the Zeppelin Group weathered the 2020 fiscal year well and reported a solid result for 2020 at the end of March. The Group would now like to show its employees its appreciation for their tireless commitment under the difficult conditions of the pandemic. The Group Management Board, Supervisory Board and employee representatives have agreed on a payment of a one-time "coronavirus bonus" for the approximately 10,000 employees worldwide. 

The COVID-19 pandemic has already lasted more than a year and poses daily challenges to the Group's companies and their employees. Many measures, such as the necessary occupational health and safety and hygiene policies, allowing mobile work, and virtual collaboration, were quickly implemented throughout the entire Group.

"So far, we have dealt with the COVID-19 pandemic extremely well. This is mainly due to the Zeppelin employees around the world who have shown themselves to be very flexible and have worked tirelessly with a wealth of ideas for our customers in order to find suitable solutions for a wide variety of challenges. I am therefore delighted that we will be paying our employees a coronavirus bonus as a token of our appreciation for this accomplishment," commented Peter Gerstmann, Chairman of the Management Board of Zeppelin GmbH, on the decision.

"The Zeppelin employees worldwide have contributed through their great commitment and enormous efforts to Zeppelin's ability coping very well with the current situation. It was important to us to recognize these outstanding achievements. That is why we from the Supervisory Board were happy to endorse the payment of a Corona bonus," says Andreas Brand, Chairman of the Supervisory Board and Lord Mayor of the City of Friedrichshafen.

"Our corporate culture and the solidarity of our colleagues make Zeppelin especially strong, even in crisis situations. We are delighted that, as employee representatives on the Supervisory Board, we were able to work together with the other members to help create this bonus as a sign of appreciation," added Heribert Hierholzer and Ralph Misselwitz, Employee Representatives on the Supervisory Board of Zeppelin GmbH.

The Zeppelin Group will pay all employees a corresponding appreciation bonus with their May salary, which will amount to EUR 600.00 for employees in full-time contracts in Germany and be calculated proportionately for part-time employees. Apprentices in Germany will receive a lump sum of EUR 200.00. The bonus will be adjusted according to the local purchasing power in the other countries and regions in which the company operates.

Information on the 2020 Annual Financial Statement for Zeppelin GmbH can be found in the press release dated March 26, 2021.

This press release may be reproduced free of charge. Please notify us or send us a copy for our records.

 

26.03.2021, Garching near Munich

Zeppelin Group increases sales despite crisis and presents solid result

Group looks to the future with cautious optimism 

·        Group sales: EUR 3.3 billion

·        EBITDA: EUR 394 million

·        Group earnings before taxes on income and earnings: EUR 125 million

·        Workforce 10,170

·        All strategic business units contribute to the positive result

·        Given the challenging environment, Group management is very pleased with the performance in the 2020 financial year and is cautiously optimistic about the future 

Friedrichshafen / Garching near Munich, March 26, 2021. The Zeppelin Group closes the 2020 financial year with another increase in sales and earnings (EBITDA) and also presents very solid earnings before taxes. With Group sales of EUR 3.3 billion (previous year: EUR 3.1 billion), an EBITDA of EUR 394 million (previous year: EUR 376 million) and a net profit before tax of EUR 125 million (previous year: EUR 134 million), the Group once again was able to increase its sales and report a very attractive result despite pandemic-related pressure and integration expenses for acquisitions made in the previous year. Creditreform Rating AG rated the creditworthiness of the company above average in 2020, awarding it an "A" rating. The total investment volume for 2020 was EUR 203 million. The Zeppelin Group is cautiously optimistic for 2021 and expects steady growth in the relevant markets despite the unresolved COVID-19 pandemic.

"With the global COVID-19 pandemic, 2020 has presented Zeppelin with major challenges. The experience we gained during the 2008/2009 financial crisis and the strategy we developed as a result are key reasons why Zeppelin has overcome the situation so well. Sales and earnings in 2020 prove that the Group is holding its ground in a difficult market environment and is a reliable key figure for customers and business partners," says Peter Gerstmann, Chairman of the Management Board of Zeppelin GmbH, commenting on the result. "More than anything, it is the people who make Zeppelin. We are proud of the commitment and tireless devotion of all Zeppelin employees in this difficult environment."

Christian Dummler, Managing Director and CFO of Zeppelin GmbH, adds: "Zeppelin reacted very quickly to the new situation and set up crisis management to ensure our range of services for our customers and to safeguard internal performance in the areas of HR, finance, IT services and infrastructure. The excellent collaboration between the crisis management teams, general management and employee representatives, as well as the Supervisory Board, has made the good results of the 2020 financial year possible. Creditreform Rating AG sees things the same way and in autumn 2020 gave the Zeppelin Group an above-average rating of "A" – the package of measures that we quickly implemented against the backdrop of the pandemic, as well as an adequate focus on the future and investments in the contemporary expansion of infrastructure and IT systems were positive factors in the assessment. We see this as confirmation that we are on the right path."

"Zeppelin can boast that all employees have taken on the challenges of the COVID-19 pandemic together and implemented the necessary measures consistently and quickly. In 2020, our main focus was to secure our operational capacity as a company, protect our employees, and ensure the financial independence of our company. The 'We are Zeppelin' idea and exemplary corporate culture supported the Group through this difficult time," concludes Andreas Brand, Chairman of the Supervisory Board of the Zeppelin Group.

As a whole, the Zeppelin Group was affected by the pandemic in many ways. Temporary uncertainty in the markets, slow public procurement, and closed construction sites due to partial lockdown in some of the markets relevant to Zeppelin led to a noticeable drop in the market and sales of construction equipment. The cancellation of major events and the delayed award of contracts in motorway construction had a detrimental impact on the rental business, and the standstill in the cruise ships segment significantly impaired Zeppelin’s business with engines and propulsion units. In addition to COVID-19, the markets in Eastern Europe and Russia were heavily affected by sanctions and geopolitical tensions due to armed conflicts between Armenia and Azerbaijan, domestic conflicts in Belarus, and political interdependencies in Russia.

Plant Engineering suffered from the fact that, despite the high volume of projects, only minor awards were made due to the limited travel options.

The integration of the newly acquired distribution and service territories for Caterpillar products in Sweden, Denmark, and Greenland was in line with expectations and enabled the Group to grow its sales again despite the difficult environment. Adjusted for the sales growth arising from the acquisition of the previous year, sales actually fell by five percent due to the effects of the pandemic. Accordingly, net profit after tax was affected by the expenses for the integration of the new business and the actual decline in volume. Earnings (EBITDA) adjusted for depreciation rose again compared to the previous year and show the actual profitability of the Group in the crisis.

The decline in the markets temporarily required short-time work at various places in the Zeppelin Group. At a very early stage, the company took advantage of the possibilities offered by flexible working time models and allowed remote working as a solution to tackle the pandemic and activity stoppages.

Despite the adverse circumstances, Zeppelin has developed its business segments and expanded its range of temporary energy and climate solutions by acquiring the operations of Energyst Rental Solutions. The acquisition of parts of MTI Mischtechnik strengthens the range of solutions for mixing and processing high-quality bulk materials in the special chemicals segment.

Outlook for the 2021 financial year

The development of the global economy will depend to a large extent on the containment of the COVID-19 pandemic and regulations on global trade disputes and sanctions. Geopolitical tensions and volatile oil prices are also affecting some of Zeppelin's key markets. Nevertheless, Zeppelin is cautiously optimistic about the future and expects the regional businesses relevant to the Group to be stable and will benefit from the expected growth in commodity markets. Expected market stabilization will be supported by increased public investment in Central Europe and the continuation of state infrastructure projects in Russia and Ukraine. New growth opportunities are opening up with the introduction of a new generation of mobile excavators and material handlers by the manufacturing partner, Caterpillar. Zeppelin is also expecting growth stimulus from the positioning of products and services in the area of emergency power generators for data centers in the northern and eastern European markets.

The growth strategy launched in Scandinavia will continue in 2021 with, among other things, the expansion of financing solutions for customers, and the opening of new sites. The year will also see the operational integration of the newly acquired Energyst Rental Solutions and the integration of major parts of MTI Mischtechnik.

In terms of digitalization, Zeppelin continues to invest in the establishment of a global data infrastructure as an essential foundation for the further development of digital business models and platforms in order to align services and offers with future requirements. 

Key figures at a glance

 

 

        2020

       2019

 

Sales

 

 

 

 

Construction Equipment Central Europe SBU

EUR million

       1,373

      1,470

 

Construction Equipment Nordics SBU

EUR million

          258

         n/a

 

Construction Equipment Eurasia SBU

EUR million

          494 

        500

 

Rental SBU

EUR million

          528

        509

 

Power Systems SBU

EUR million

          407

        392

 

Plant Engineering SBU

EUR million

          306

        332

 

 

Total for the Group [1]

EUR million

       3,272

     3,118

 

Employees (FTE as at December 31, including trainees for 2019, Zeppelin GmbH as well as 709 employees and 8 trainees from the acquisitions in Sweden and Denmark) 

 

 

 

Total for the Group [1]

 

    10,170

      9,748

 

 

 

 

 

 

Cash flow from operating activities [2]

EUR million

      259.6

        75.4

 

Investments

EUR million

      203

         369

 

EBITDA (Earnings before interest, tax,

depreciation and amortization)

EUR million

      394

          376

 

 

Net profit before tax

EUR million

      124.6

         133.7

 

SBU: Strategic business unit

All information adjusted in accordance with IFRS

 

 

 

 

[1] including Zeppelin GmbH and SMC Zeppelin Digit/Zeppelin Lab GmbH

[2] Cash flow from operating activities (IFRS); definition adjusted for 2020 and earlier


Caption: The Management Board of the Zeppelin Group (from left to right): Christian Dummler, Alexandra Mebus, Michael Heidemann, Peter Gerstmann (archive image). © Zeppelin GmbH

 

24.02.2021, Garching near Munich

The Zeppelin Group is once again among Germany's top employers

Group receives accolades from “Stern” and “Handelsblatt” 

The Zeppelin Group continues to be one of the best employers in Germany. In an independent ranking by the magazine “Stern,” the Group was able to further improve its position and in 2021 is at the front of the field in 83rd place. “Handelsblatt” once again honored the Group as a “Fair Company.” 

The Zeppelin Group is again one of the best employers in Germany in 2021. In a ranking by the magazine “Stern,” which was published in January 2021, the company was ranked 83 overall and is at the forefront of the best employers from a total of 650 rated companies. The “Handelsblatt,” initiator of the “Fair Company” rating, praises the company as doing a particularly good job of fulfilling the expectations and values of young people starting out in their careers and young professionals in terms of a fair and attractive employer.

Taking 8th place in the “Rail, Ship and Aircraft Construction” category and 9th place in the “Mechanical and Plant Engineering” category, Zeppelin was able to improve significantly, not only in the overall rating by “Stern” but also in the ranking by industry compared to 2020.

“We are delighted that we were able to significantly improve on our good position last year in the “Stern” rating. The “Fair Company” award also indicates that we are meeting the expectations and needs of our employees with our personnel measures and initiatives. We will naturally continue to work on providing our employees with the best possible environment. This is especially important under the difficult conditions caused by COVID-19. In addition to offering the option of working from home, at Zeppelin this also includes support when it comes to childcare or in difficult family situations, as well as sport and health offerings that can also be accessed digitally,” explains Alexandra Mebus, Labor Director and Managing Director of the Zeppelin Group.

For its ranking, which was prepared in cooperation with the market research institute Statista, “Stern” looked at companies with more than 500 employees and headquarters in Germany. The anonymous survey was conducted via online access panels, independent of the respondent’s employer. The questionnaire covered more than 50 topics including corporate culture, working environment and salary. The key question was whether the employees would recommend their respective employer to others. In 2021, the ranking was extended to 650 employers and the results divided into 24 industries. As a diversified company, the Zeppelin Group therefore appears in various categories.

The Zeppelin Group has been a member of the German employer initiative “Fair Company” since 2018. This is a long-term commitment to a fair working environment and is aimed specifically at young people starting out in their careers and young professionals. Companies that are included offer young people fair working conditions and development prospects. In accordance with the procedure in place since 2020, admission is subject to a positive assessment by the “Institut für Beschäftigung und Employability” (Institute for Employment and Employability, IBE) in Ludwigshafen. With a questionnaire specifically developed for the Fair Company Initiative, the IBE considers twelve aspects that are important to young professionals. 

Picture: Graphic „Germany’s Top Employers 2021” (Stern) and “Fair Company” (Handelsblatt), available only in Germany language (Original: „Deutschlands beste Arbeitgeber 2021“ (Stern) and „Fair Company“ (Handelsblatt)).

© Zeppelin GmbH

 

30.09.2020, Garching near Munich

Zeppelin Group is out of the office – but not out of work!

The Zeppelin Group is taking a brave and pioneering step toward a new future. As of October 1, 2020, mobile working will become a permanent alternative rather an exceptional case: A new Group Works Agreement enables mobile working for Zeppelin employees in Germany as long as it is sensible and can be implemented – without any time restrictions. The primary objective of the new agreements is efficient combination of office work and mobile work, a so-called hybrid approach that enables the advantages of both worlds to be brought together. 

"The coronavirus crisis has shown us that mobile working not only has a positive impact on the company in terms of flexibility, modernity and digital transformation. Employee's work-life balance and satisfaction can also greatly benefit from the individual arrangement of working hours and place of work," says Alexandra Mebus, Zeppelin Group Managing Director and Labor Director. In order to take into account the changed framework conditions, the existing regulations regarding "mobile working" have been revised – and realigned – in close cooperation between HR and the works councils. Starting October 1, 2020, this makes it possible for Zeppelin employees in Germany to work anywhere: all employees of Zeppelin GmbH and its domestic subsidiaries are covered by the new regulation.

In order to take into account the various team structures, areas of activity and tasks of the employees, the new specifications were deliberately designed without a time guideline. "We are convinced that varied forms of work are the best prerequisites for motivation, cooperation and productivity," says Mebus. Not every activity can be carried out flexibly from locations outside of the office space, but Zeppelin is clearing the way for individual solutions wherever possible.

The prerequisite for location-independent work is the approval of the manager. This is because mobile work at Zeppelin is based on the principle of "double voluntariness." This means that no employee can be obliged to work remotely, but there is also no entitlement to do so. A workstation in the workplace remains assured at all times. The possibility of desk sharing solutions is currently being examined at the large locations and where it makes sense. In addition, the topic is being closely monitored by HR and the works councils. Employees and managers are being supported with various training courses on topics such as hybrid work, mobile working and virtual leadership.

"During the coronavirus crisis, we had exclusively positive experiences with mobile working and are now using what we have learned to align our working environments with future requirements," says Peter Gerstmann, CEO and Chairman of the Zeppelin Group Management Board. He adds: "By doing so, we are transporting the agility of our start-up organizations from digitization to our traditional corporate divisions!"

Caption: Alexandra Mebus, Zeppelin GmbH Managing Director and Labor Director in her office at the Group headquarters in Garching and mobile working from her home. © Zeppelin GmbH, Photographer: Paul Träger

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03.08.2020, Garching near Munich

Zeppelin Group publishes sustainability report

The company presents its commitment to Corporate Social Responsibility (CSR) based on its sustainability goals and the development of non-financial metrics 

Garching near Munich, August 3, 2020. Under the title “Grafen hinterlassen Spuren! - Grafen leave their footprint!”, the Zeppelin Group is publishing a sustainability report for 2019.  

As a foundation-owned company, the Zeppelin Group has always been assuming responsibility towards society, its employees, business partners, and customers, and is committed to protecting the environment and the climate. Sustainability is firmly embedded in its corporate strategy in order to combine economic success with responsible action.

Zeppelin is now publishing a report on its CSR activities in 2019 which at the same time outlines the company’s progress in the frame of the UN Global Compact membership. The report (in German language) can be downloaded here on the Zeppelin website. 

This press release may be reproduced free of charge. Please notify us or send us a copy for our records.

Image: Cover page “Grafen hinterlassen Spuren!“ Zeppelin Group Sustainability Report / UN Global Compact Progress Report 2019 (German language only) © Zeppelin GmbH

 

31.07.2020, Garching near Munich

Zeppelin Group confirms Labor Director Alexandra Mebus in office until June 2026

Garching near Munich, Germany, July 31 2020 The Supervisory Board of Zeppelin GmbH today extended the contract of Alexandra Mebus as Managing Director and Labor Director for five years, with effect from 1 July 2021. As a result, the HR expert‘s contract now runs until 30 June 2026.  

At its meeting on 31 July 2020, the Zeppelin Group Supervisory Board confirmed Alexandra Mebus as Managing Director and Labor Director for five years; her contract now runs until 30 June 2026. 

With entry into force of the new schedule of responsibilities for the Zeppelin Group Management Board on 1 January 2020, she continues to be responsible for Human Resources and HR Development, as well as the organization of Compliance and Data Protection and the newly created Diversity Department.

Andreas Brand, Chairman of the Supervisory Board of Zeppelin GmbH, welcomes the reappointment: "With Alexandra Mebus we have a highly experienced Labor Director at the head of the Zeppelin Group. She is the driver for significant changes in the HR area, especially with regard to the topics of new work and diversity. With the contract extension, we underline our appreciation for her high level of commitment and see it as a sustainable safeguard for our foundation-owned company."

Peter Gerstmann, Chairman of the Management Board of Zeppelin GmbH: "Alexandra Mebus is a very dedicated Labor Director. She has already achieved a great deal in the past two years - for example the introduction of our Group Works Agreement for mobile working, our Z Match employee recommendation program, our employee health program with Z FIT and of course all the personal protection and occupational safety issues related to Covid-19. Her contribution has also helped Zeppelin be recognized once again as a top employer by "Stern" and "Focus" in 2020. I look forward to continuing our cooperation."

The social education graduate and MBA Alexandra Mebus is delighted about the acknowledgement of her commitment to Zeppelin GmbH: "It is a pleasure and honor for me that the Supervisory Board and the shareholders have acknowledged my work. The last two years at Zeppelin have passed very quickly and I am proud of what we have already implemented together. I look forward to other exciting projects that I can support and advance, such as the upcoming signing of the Diversity Charter in September as part of our diversity and inclusion activities. We also have a lot planned regarding the workplace of the future, various digitization topics in Human Resources as well as the topics of ensuring and developing compliance and data protection. I will continue to do my best to ensure that Zeppelin is and remains an attractive employer."

Alexandra Mebus has been working for the globally operating Zeppelin Group since 1 July 2018. Before joining Zeppelin, the 43 year-old HR expert worked in various HR management roles for companies including foundation-owned company Robert Bosch GmbH and Voith Turbo GmbH & Co. KG, most recently as a member of the Executive Board at Voith Turbo GmbH.

Caption: Alexandra Mebus, Managing Director and Labor Director of Zeppelin GmbH © Zeppelin GmbH

 

09.04.2020, Garching near Munich

Zeppelin Group re-confirms CFO Christian Dummler in his role for another five years

On April 2, 2020, the Supervisory Board of Zeppelin GmbH extended Christian Dummler’s contract as CFO of the Management Board by an additional five-year term (effective 1st January 2021), confirming the certified banking specialist in office up until the end of 2025.

The Supervisory Board of Zeppelin GmbH re-confirmed CFO Christian Dummler in office for an additional five-year term in its meeting on April 2, 2020.

With the new business distribution plan for the Management Board of the Zeppelin Group, effective since January 1st, 2020, Mr. Dummler will continue to be responsible for finance, controlling, real estate management and law as well as for the newly created Corporate Social Responsibility department. He has also assumed responsibility for the Power Systems strategic business unit.

Andreas Brand, Chairman of the Supervisory Board of Zeppelin GmbH, welcomes the contract extension: “In Christian Dummler we have a very experienced CFO at the top of the Zeppelin Group. He drives essential innovation, especially when it comes to finance, e.g. when Zeppelin switched to the international accounting standard IFRS in the financial year 2018. The contract extension underlines our recognition of his high level of commitment, and we consider this step to be a sustainable safeguard for our foundation-owned company, whose financial situation – thanks to Mr. Dummler – is a very good and diversified one”.

Christian Dummler is pleased that his responsibility as CFO of Zeppelin GmbH was confirmed: “I am very pleased with the trust expressed with the new reappointment in these challenging times and I will continue to do everything in my power to keep the Zeppelin Group on a solid financial course. By taking over new service and distribution areas in Northern Europe, we have more than 10,000 employees worldwide by now. The Group is of considerable size and this requires sustainable finance and investment strategies, in order to keep our growth on a solid financial footing. It is a pleasure and an honor for me to be able to continue working successfully with my colleagues over the next few years. I thank the Supervisory Board and the shareholder for their trust."

Christian Dummler has been working for the global Zeppelin Group since 2003. Following various management positions, he took on the role as the Group’s CFO in 2011.

Caption: Christian Dummler, CFO of Zeppelin GmbH  © Zeppelin GmbH

03.04.2020, Garching near Munich

Zeppelin Group increases operating result again

Sales and net profit reach record highs for the third year in a row

  • Group sales: EUR 3.1 bn
  • Group earnings before taxes on income and earnings: EUR 134 m
  • Number of employees: 10,048 (FTEs as at the reporting date of December 31, 2019, including trainees and employees from acquisitions in Sweden and Denmark)
  • Group Management Board expecting further long-term growth as a result of the takeover of new distribution and service territories in northern Europe
 
 

Friedrichshafen/Garching bei München, April 3, 2020. The Zeppelin Group finished the 2019 financial year having achieved the highest revenue and the highest net profit in its 70-year history. With Group sales totaling EUR 3.1 billion (previous year: EUR 2.9 billion) and a net profit before tax of EUR 134 million (previous year: EUR 131 million), the Group has overtaken its figures from the previous year. Creditreform Rating AG increased its assessment of the company’s creditworthiness to an A rating in 2019. The total investment volume for 2019 is EUR 369 million, which includes expenditure for inorganic growth. In 2020 the Zeppelin Group expects to see a dramatic slump and a significant worsening of economic conditions arising from the coronavirus pandemic.

“2019 was a highly successful year: We had record-breaking sales, the best bauma ever, and the largest acquisition in the history of our company. All of this was only achievable by working together, and thanks to the commitment and outstanding contributions of our employees!” notes Peter Gerstmann, Chairman of the Management Board of Zeppelin GmbH. “I am very much looking forward to continuing this success with our new colleagues in northern Europe.” 

Christian Dummler, Managing Director and CFO of Zeppelin GmbH, adds: “The very positive performance enabled us to further improve our return figures, and Group debt remains at a very conservative level even following the acquisitions. The capital market environment was highly favorable in 2019, and we used the opportunity to secure our financing in the long term, taking the acquisitions into account. We are delighted to receive an improved A credit rating from Creditreform Rating AG; it makes it clear that we remain a solid, reliable business partner.”

“These outstanding results are proof positive that the Zeppelin Group is pursuing the right strategy and, above all, that it has the right employees on board. I hope that our acquisition of the additional northern Europe distribution and service territories, along with numerous new product and service innovations, will enable us to continue our successful trajectory in 2020, under the new conditions in play,” comments Andreas Brand, Chairman of the Supervisory Board of the Zeppelin Group.

Expansion of distribution and service territory into northern Europe

With effect from December 31, 2019, the Zeppelin Group took over responsibility for the distribution and service of Caterpillar products in Denmark, Greenland and Sweden. Zeppelin also took over service and distribution for MaK engines in Estonia, Latvia, Lithuania, Finland, Iceland and the Faroe Islands. With the takeover of sales activities in northern Europe, Zeppelin’s workforce grew to around 10,000 employees at the end of 2019. The company anticipates long-term growth potential from successful adaptation of the new markets, built on decades of experience as a Caterpillar distribution and service partner and by making use of logistical synergies. The new unit has been integrated into the existing Group structure as the Construction Equipment Nordics strategic business unit, managed by Volker Poßögel, who was previously Head of the Power Systems strategic business unit.

Development of the strategic business units

Thanks to the overall stability of the economic environment and good market positioning, all strategic business units (SBU) recorded positive development.

The Construction Equipment EU strategic business unit succeeded in further expanding its leading position on all markets, and also increased its sales and net profit compared with the previous year. The positive trend was bolstered by a favorable economic climate in the construction industry as well as sales success at bauma, the leading global construction machinery trade fair in Munich. A further expanded machine population and increased machine utilization in its sales territories meant that the SBU was able to make the best possible use of its service capacities and also grow its service business.

The Construction Equipment CIS strategic business unit increased both its sales and its net profit in the 2019 financial year. Systematic development of the spare parts and customer service business resulted in a significant increase on the previous year’s figure. There was a recovery in mining equipment business in the various countries of the region, and this contributed significantly to positive sales development and a large order backlog.

All markets relevant to the Rental strategic business unit – Germany, Austria, the Czech Republic and the Slovak Republic – recorded growth, and the SBU benefited disproportionately from this growth, as sales exceeded EUR 500 million for the first time. With the acquisition of the Luther Group, Zeppelin significantly strengthened its expertise in the field of traffic safety and traffic engineering. The integration of Baustellen-Verkehrs-Technik GmbH, which was acquired in 2018, was completed successfully.

The overseas companies contributed significantly to the net profit of the Power Systems strategic business unit in 2019, with particularly high volumes of orders for new engine sales in Belarus and the Czech Republic. The expansion of service sales led in turn to an increase in revenue. Continued high demand for alternative drive systems using hybrid and LNG energy for ferries, cruise ships, and special purpose vessels helped secure several important orders as well as future sales arising from maintenance contracts. The company succeeded in placing a larger number of ballast water treatment systems in ships onto the market for the first time. Demand also remained high in the segments of power generation, large data center systems and combined heat and power plants (CHP), with the company successfully winning various major contracts.

Business for the Plant Engineering strategic business unit was muted in a number of segments and regions, on account of more challenging global economic conditions, a slowing economy in the chemicals sector, and uncertainties within the automotive industry. However, despite lower sales revenue, an improvement in profitability was achieved. In addition, the SBU succeeded in further increasing its order entry in the 2019 financial year by means of various large-scale projects in the area of plastics production systems.

Digitization

The Zeppelin Digit strategic management center was established to offer all strategic business units targeted support in relation to innovation and digitization. This cross-functional unit brings together IT, innovation, digitization, and the current Z LAB strategic business unit activities. The company Z Lab GmbH will continue in the future, as a division of Zeppelin Digit, to develop digital business models for the construction industry and the industrial sector.

The company further expanded its digital offerings for customers in 2019. This expansion ranges from the introduction of new fleet management software to the wider market launch of the zamics, klickrent and klickcheck products, which customers in the construction industry can use to simplify their internal processes or to rent out and hire machinery and equipment via an independent platform.

Outlook for the 2020 financial year

The previously forecast 2020 upturn for the global economy will not materialize. In addition to continuing trade disputes and sanctions, and the uncertainties surrounding the terms of Brexit, the coronavirus pandemic has plunged the global economy into a far-reaching crisis, the effects of which cannot yet be predicted. The massive drop in oil prices and the conflict between Russia and Saudi Arabia are also affecting our core markets. Despite the difficult business outlook, the Zeppelin Group still sees opportunities for the current financial year. The stable construction industry and additional investment in public infrastructure in Germany have mitigated the negative impact on sales and revenue that is expected to arise from the coronavirus pandemic and oil prices.

Zeppelin will focus on maintaining its leading position on the market and on further expanding its service business within the existing business areas. In northern Europe, the Group will concentrate entirely on integrating the new companies and territories served, which will create opportunities for further sales growth in the future, even if it can be assumed that the integration will add certain stress factors from a net profit perspective. In addition to the expansion and strengthening of its existing range of machinery and services, the focus will be on expanding the business to include compact machines, construction equipment and conveyor technology, as well as growing the branch network.

Zeppelin is clearly signaling its commitment to the Eurasian markets, and investing in the construction of a new headquarters in Kiev, Ukraine.

Zeppelin will counter the effects of the coronavirus pandemic by means of cost-cutting measures, adjustment of capacities and a cautious investment policy.

Key figures at a glance

 

 

2019

2018

Revenue

 

 

 

Construction Equipment EU SBU

EUR million

1,470

1,315

Construction Equipment CIS SBU

EUR million

500

482

Rental SBU

EUR million

509

473

Power Systems SBU

EUR million

392

360

Plant Engineering SBU

EUR million

332

348

Z LAB SBU

EUR million

4

1

Group total

EUR million

3,118

2,897

 

Employees (FTE as at December 31, including trainees, Zeppelin GmbH as well as 709 employees and 8 trainees from the acquisitions in Sweden and Denmark)

Group total

 

10,048

8,700

 

Cash flow from operating activities

EUR million

235.2

203.3*

Investments

EUR million

369.2

239.8

Net profit before tax

EUR million

133.7

130.8

 

SBU: Strategic business unit
All information adjusted in accordance with IFRS
*Definition adjusted 
 

Caption: Zeppelin Group Management Board: Christian Dummler (seated), Peter Gerstmann, Michael Heidemann, Alexandra Mebus (left to right).                                                                                                              © Zeppelin GmbH

 

 
 
 
 
 
 
 
 
 
 
28.02.2020, Garching near Munich

The Zeppelin Group is among Germany's top employers

Group receives accolades from Stern and Focus Business

The Zeppelin Group has again been recognized as being among the best employers in Germany in 2020, achieving impressive results in two independent rankings by Stern and Business Focus magazines.

In the "1000 Top Employers in Germany in 2020" ranking, published by Focus Business magazine in its 01/2020 edition (circulation period: February 2020), Zeppelin came in 114th in the overall assessment, and was awarded an outstanding 5th place in the Industry category. In the Stern ranking, which was published in January, Zeppelin took its position at the head of the field with the best employers in Germany, in 160th place. The company came 9th in the rail, ship and aircraft construction segment, and 10th in the mechanical and plant engineering category.

"We are over the moon about these fantastic accolades that recognize us as a top employer, and delighted that they validate the Human Resources measures and initiatives we have implemented so far. Zeppelin will continue to work hard to offer our employees the optimum environment for them to fully realize their potential. We do this in various ways, from offering further and advanced training, through health-focused programs, to support in terms of childcare or if employees are experiencing difficult family situations," comments Alexandra Mebus, Labor Director and a Managing Director at the Zeppelin Group.

In collaboration with the kununu online employer rating platform, Focus Business magazine analyzed the ratings logged there in relation to more than 900,000 companies, with the analysis considering both the ratings themselves (at least 3.0 kununu stars) and the number of ratings given. Only companies with more than 500 employees were taken into account when determining the results. Factors such as corporate culture, work environment and remuneration were included in the survey, which has now been conducted eight times.

Stern took a similar approach in its Germany's 500 Best Employers ranking, which was published in January. This rating also only looked at companies that have more than 500 employees and have their head office in Germany. 45,000 employees completed an anonymous online survey for the ranking, which Stern has compiled in collaboration with market research institute Statista for the first time. The surveyed employees rated their own company as well as other businesses in the industry. The survey addressed more than 50 points, but the key question was whether the employees would recommend their respective employer to others.

Graphics: Seal „Top Nationaler Arbeitgeber 2020“ – Focus and „Deutschlands beste Arbeitgeber 2020“ – Stern.

© Zeppelin GmbH 

07.02.2020, Friedrichshafen / Garching bei München

The Zeppelin Group Celebrates 70 Years

The foundation-owned company is marking its big 2020 anniversary with various campaigns and communications

The Zeppelin Group, founded in Friedrichshafen in 1950, has an unparalleled success story to look back on. With various campaigns and communications planned under the motto “Yesterday – Today – Tomorrow”, the foundation-owned company will be celebrating its 70th anniversary through the whole year. 

Zeppelin was founded and commercially registered in July 1950, with the name Metallwerke Friedrichshafen, as the successor company to Luftschiffbau Zeppelin GmbH. The company started producing silos and metal containers in the same year. In 1954, the foundation-owned company partnered with US-based manufacturer Caterpillar, taking over the exclusive distribution and service of its agricultural and construction equipment in West Germany, as it was then.

“70 years of the Zeppelin Group means 70 years of success; we are proud of the commitment and innovative spirit of the people who have shaped Zeppelin and continue to shape it today. The roots of the company originate with aviation pioneer Graf Ferdinand von Zeppelin, whose values, wealth of ideas, and genius for innovation remain groundbreaking to this day,” says Andreas Brand, Lord Mayor of the City of Friedrichshafen and Chairman of the Supervisory Board of Zeppelin GmbH, commenting on the anniversary.

“Zeppelin has always moved with the times and responded flexibly to customer needs. We have continually expanded our portfolio of products and services, and established our position on an internationally broad basis. I’m particularly pleased that we were able to welcome colleagues to our new distribution and service territories in northern Europe at the start of this anniversary year. With a total of around 10,000 employees, the Zeppelin Group is ideally equipped to tackle future challenges and digitization,” comments Peter Gerstmann, Chairman of the Management Board of the Zeppelin Group.

Zeppelin has brought together interesting, informative, and noteworthy stories about the company, the people that have shaped it in the past, and those who are already defining its future; these stories can be found on the specially created blog at www.zeppelin70years.com, which will be updated throughout the year with new pictures, anecdotes and interesting facts.

All anniversary-related activities will be labeled with a special anniversary icon. From February 2020, many posts on the company’s social media channels (LinkedIn, Xing, Twitter and Instagram) will be added with the hashtag #weare70.

This press release may be reproduced free of charge. Please notify us or send us a copy for our records.

 

Picture 1: Zeppelin’s first office building in Garching (Graf-Zeppelin-Str.), which was built at the end of the 1960s and was in use until 2007. (The picture dates back to 1986).

© Zeppelin GmbH / Bavaria Luftbild