TÜV Rheinland Blog - Stories from Asia and Africa

Fiscal year 2017: TUV Rheinland continues growth strategy with investments in future-oriented topics

Posted by TUV Rheinland on Apr 26, 2018 12:00:00 PM

The international testing service provider, TÜV Rheinland, continued its ongoing healthy growth in the fiscal year 2017. TÜV Rheinland’s revenues increased in 2017 by €54 million or 2.8% to the current figure of €1.972 billion. Earnings before interest and tax (EBIT) at €130.6 million also posted the best figure in the company’s 145-year history. The EBIT margin also inched up 0.2 percentage points to 6.6%. At €91.3 million, investments were at the level recorded in 2016. The average number of employees at TÜV Rheinland over the course of 2017, expressed as full-time equivalents, increased to 19,924. It has since moved past the 20,000 mark.

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Topics: corporate