The Blum Group recorded positive growth in the 2012/2013 financial year that ended on 30 June 2013. The company succeeded in increasing its turnover by 55.78 million euros compared to the previous year, which means a 4.4 percent rise to 1.317 billion euros. On average, the Blum Group employed 5,749 people worldwide. This September, 64 new apprentices (seven of them young women) will start their engineering training at Blum. In total, 246 apprentices will be employed with the fittings manufacturer in Vorarlberg and ten with Blum USA as from this coming autumn.
“The past year illustrated once again how important our international market presence is. While turnover development in Western Europe was relatively flat, all other market regions, such as Eastern Europe, North America and Asia developed positively“, CEO Gerhard E. Blum said commenting on the development of the various markets that Blum supplies worldwide. A trend that had already been noted in previous years is that orders are being placed at increasingly short notice. This trend continued, which requires a high degree of flexibility in planning and also in the production departments. Thanks to the good cooperation of all the departments involved, Blum managed the situation very well.
The fluctuation of steel prices eased off slightly during the past financial year, but Blum is expecting slight increases in steel prices for the coming financial year.
The fluctuation of steel prices eased off slightly during the past financial year, but Blum is expecting slight increases in steel prices for the coming financial year.
The extension of the Engineering Centre in Höchst has been concluded and individual departments have already moved to their new locations. The expansion of the Blum Logistics Centre at Plant 7 in Dornbirn is underway. This building phase comprises a three-level production building, an increase in the capacity of the automated high-bay warehouse and new container shipping facilities for rail transport. Investments amounting to 26.8 million euros will be made in total. Completion is planned for mid-2014. In Plant 2 (Headquarters) in Höchst, an additional level is being added to the existing building to create more office space. Completion here is planned for the end of March 2014. The additional training center at Plant 7 in Dornbirn will be finished in time for the arrival of our new apprentices in September. A subsidiary was opened in Vietnam last year, and in Mexico Blum started construction work on a new office and warehouse building.
Investments of the Blum Group totaled 78.25 million euros in the 2012/2013 financial year, of which 65.67 million euros were invested in Vorarlberg.
Forecasts for the forthcoming financial year vary greatly for our market regions and according to the Management it is very difficult to make any predictions about the development of individual markets. Blum is convinced, however, that its innovative products, international market presence and high motivation and commitment of its staff will put the company in a good position to achieve positive results also in the 2013/2014 financial year.
Blum: once again a success
the past financial year
ultima modifica: 2013-07-12T00:00:00+00:00
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