Intralogistics Specialist TGW Achieves Revenue Billion for the First Time

The TGW Logistics Group successfully concluded the financial year 2020/2021 (July 1, 2020, to June 30, 2021) with a revenue of 813.1 million euros. The order intake exceeded the billion-euro mark for the first time, reaching around 1.1 billion euros, and EBIT climbed to 50.5 million euros. In the coming months, the technology company will create 850 new jobs, more than half of which will be in Upper Austria.

(Marchtrenk) Harald Schröpf, Chief Executive Officer of the TGW Logistics Group, is pleased with the development: “The past one and a half years have been very challenging for TGW – and at the same time outstanding. I am deeply impressed by the commitment and dedication with which our employees operate. Together, we have managed the impacts of the Corona pandemic well: For the first time in our history, we have broken the billion mark in order intake, while our EBIT has grown to a record value of 50.5 million euros. Our revenue amounts to 813.1 million euros.”

In March 2021, TGW sold its American conveyor technology division to a strategic investor. “This step is part of our global standardization strategy. The revenue of the sold division – around 80 million euros in the financial year 2019/20 – was excluded from the total revenue for accounting reasons. If we consider this sold business unit, our revenue would have grown by around ten percent,” Schröpf further explains.

In the current financial year, TGW is aiming for another milestone: the revenue billion mark. The order intake is also expected to significantly exceed the billion mark again, with strategic growth markets being Europe and North America.

Investments in Artificial Intelligence, Software, and Robotics

The research and development budget increased by more than 17 percent to 32.8 million euros. In the current financial year, this value will be significantly increased again. The focus is on the areas of artificial intelligence, software, and robotics. These technologies also form the basis for automating processes in logistics centers for which it is difficult to find employees.

Seven Million Euros for Employee Participation

For the financial year 2020/21, TGW is distributing an employee participation of seven million euros – for the fourth time. The focus of the concept is on taking responsibility and fair participation in economic success: fully in line with the philosophy “Human at the Center – Learn and Grow.” Employees can choose between cash or additional vacation days – or for the first time also benefit from a newly created offer that focuses on health.

TGW Creates 850 Jobs

The number of employees grew to 3,766 in 2020/21. The intralogistics specialist TGW continues its growth course and will create an additional 850 jobs in the current financial year, more than half of which will be in Upper Austria. The search is primarily focused on specialists in the areas of software and IT, control, service technicians, and development specialists. Harald Schröpf emphasizes: “Success is significantly driven by the know-how and commitment of our employees. As a technology company, we operate in an innovation-driven and dynamic industry. Only with a strong team can we achieve the best results for our international customers. In addition to exciting jobs, we therefore offer a state-of-the-art working environment, numerous benefits, flexible working hours, and a generous home office model.”

Location Investment of 200 Million Euros

To lay the foundation for planned growth, TGW will invest around 200 million euros in its locations over the next five years. In Upper Austria, office jobs for 800 employees will be created, as well as a production hall including a highly automated warehouse with a total area of around 20,000 m². In addition, a training and further education center will be established, with which TGW is launching a comprehensive program for professional and personal training and development.

Furthermore, TGW is also investing internationally in its branches: The automation specialists from TGW Robotics near Rosenheim (Bavaria) have recently acquired a new company area that is more than twice the size. Schröpf: “The signs point to further growth. TGW is investing heavily in research and development, infrastructure, and the training and further education of its employees. The setup as a foundation company gives us the necessary security and stability to think and act long-term.”

Photo: © TGW Group / Image Caption: Harald Schröpf, Chief Executive Officer of the TGW Logistics Group