(Marchtrenk, Austria, October 17, 2024.) TGW Logistics´ 2023/2024 business year (July 1st,2023 to June 30th,2024) came to a successful conclusion. The turnover of the internationally active technology company – which plans and realizes highly automated logistics centers and supports them during live operation – climbed to over one billion euros, and the EBIT increased to 29.6 million euros.
“Our turnover increased by twelve percent and has surpassed the billion-euro-mark for the first time in our 55-year history. We were able to turn the result (EBIT) around, going from last year´s slightly negative value to a clear plus of nearly 30 million euros,” affirms Henry Puhl, Chief Executive Officer of TGW Logistics. “Due to the reigning economic conditions, many companies are still reluctant to make new investments in their intra-logistics systems. However, our prediction is that the market will fire up again in 2025; we are entirely convinced of the industry´s potential and fitness for the future.”
Compared to last year, TGW Logistics raised its research and development budget by 13 percent to more than 54 million euros, amounting to five percent of the turnover. Particular focus will be placed on robotics, artificial intelligence and digitalization.
“We all regularly place online orders, shop at brick-and-mortar stores or go to the supermarket. But there´s something that few people think about when they shop: the essential key to online orders arriving quickly and stores being reliably supplied with goods is a high-performance intra-logistics system,” stresses Henry Puhl. “Technology made in Upper Austria ensures that companies can deliver to their customers around the globe quickly and reliably.”
