Zeppelin Group increases business results again

The Zeppelin Group closed the 2019 financial year with the highest sales and earnings in its 70-year history. With consolidated sales of 3.1 billion euros (previous year: 2.9 billion euros) and earnings before taxes of 134 million euros (previous year: 131 million euros), the group exceeded the performance figures of the previous year.

The total investment volume for 2019 is 369 million euros and includes expenditure on inorganic growth. The Zeppelin Group anticipates a drastic cut in 2020 and a significant deterioration in the economic environment due to the corona pandemic.

2019 was a very successful year: highest sales, best bauma and largest acquisition in our company’s history. We only managed to do all of this together, thanks to the dedication and excellent performance of our employees! ”Comments Peter Gerstmann, CEO of Zeppelin GmbH. “I am happy to continue this successful work with our new colleagues in Northern Europe”.

Effective December 31, 2019, the Zeppelin Group assumed responsibility for the sales and service of Caterpillar products in Denmark, Greenland and Sweden. In addition, the service and sales of MaK brand engines in Estonia, Latvia, Lithuania, Finland, Iceland and the Faroe Islands were transferred to Zeppelin. With the takeover of sales activities in Northern Europe, Zeppelin had grown to around 10,000 employees by the end of 2019.

The forecast revival of the global economy will not occur in 2020. In addition to the ongoing trade disputes and sanctions as well as the uncertainties regarding the terms of the Brexit, the corona pandemic has plunged the global economy into a far-reaching crisis, the effects of which are currently not yet foreseeable. The massive drop in oil prices and the conflict between Russia and Saudi Arabia also hit the core markets. Despite the difficult business prospects, the Zeppelin Group sees opportunities for the current financial year. The stable construction industry and additional investments in public infrastructure in Germany could dampen the expected decline in sales and earnings due to the corona pandemic and the oil price crisis.