TGW hits record turnover
28 September 2020
The intralogistics firm saw its turnover increase to 835.8 million euros in 2019/20 from 719.6m euros in 2018/19.
Over the same period, EBIT increased to 37.1 million euros from 27.9m euros and saw head count grow by 250. TGW is accepting more than 400 new employees in the current financial year.
TGW Logistics Group CEO Harald Schröpf said: “Many companies commissioned TGW with the automation of their intralogistics over the past financial year – from Urban Outfitters to Zalando and even the Austrian fashion dealer Personalshop. We were able to increase our turnover by 16% compared to the previous year.”
The firm added: “As a foundation-owned company, TGW can never be sold. Entrepreneurial action and social responsibility are inseparably linked at TGW. Two-thirds of profits stay in the company and are reinvested – in our employees, our infrastructure and the innovations of tomorrow. Thus, TGW is a stable business partner and reliable employer. In addition, ten percent of profits go to charitable projects of the Future Wings foundation. These projects focus on comprehensive personal development of children and young people.”
TGW is paying a dual employee participation at a total of 4.1 million euros to its employees and is doing so for the third time. In the interest of transparency and fairness, all employees receive the same base amount – regardless of whether they work in Austria, China or the U.S.
Making e-commerce profitable
E-commerce is experiencing high growth rates in almost all industries – from fashion to general trade and even online grocery stores. TGW provides customised solutions for these areas and supports its customers in making their e-commerce profitable.
eGrocery – that is, the online sale of groceries – has been recording a gain of 350 million orders and a turnover increase of 31 billion euros in Germany, France, the UK, Italy and the U.S. in this year. Up to 45 percent of this increase will persist even after the coronavirus crisis, according to Bain & Company business consultants. This means that there is enormous potential in online grocery sales worldwide.
The Dutch online grocery retailer Picnic recently commissioned TGW with the construction of a highly automated distribution centre in Utrecht. The company was established in 2015 and is one of the strongest-growing players in this field. A convenient app allows customers to place orders until 10 p.m. The very next day, emission-free electric vehicles deliver the orders. Relying on its new, highly automated distribution centre, Picnic can pick grocery orders for more than 150,000 families per week. Picnic is laying the foundation for the next steps of its growth using the ground-breaking technology solution from TGW.
For more information, visit www.tgw-group.com