According to preliminary financial statements, the St\u00f6lting Service Group closed the 2018 financial year with significant growth and another record result for the seventh consecutive year. Never before in its 120-year history has the group of companies reported higher turnover.
\nWith total group revenue of \u20ac185 million, revenue for 2017 increased by around 5.51% compared with the previous year.
\nThe earnings performance, with an EBT of 5.3%, is also extremely encouraging, given the significant investments made in infrastructure in 2018.
\nSales growth was evenly distributed across all divisions. Many large-scale projects in the area of event venues such as football stadiums and airports were secured as new customers. <\/p>\n
Sebastian Mosbacher, Managing Director of the St\u00f6lting Service Group, adds:
\n\u201eIn particular, the positive return on investment in a year in which we made the largest infrastructure investment in our 120-year history, with the construction of our new headquarters, \u201eSt\u00f6lting Harbour,\u201c at a cost of nearly \u20ac30 million, shows us that our strategy of sustainable growth is the right one.<\/p>\n
This is also confirmed by the results for the first quarter of 2019: \u201eCompared to the previous year, revenue increased by a further 9.71% and EBT by over 301%. The task now is to consolidate this trend so that we can report record results again next year. We are forecasting that we will exceed the \u20ac200 million revenue mark.\u201c<\/p>\n
In order to best meet the changing requirements of the group of companies with regard to strategic growth in infrastructural facility management, security and personnel services, the St\u00f6lting Service Group has formed a new advisory board.<\/p>\n
The Advisory Board now consists of the following members:
\n\u2013 Dr J\u00f6rg-Uwe Hahn, lawyer, former Hessian Minister of State, Member of the Hessian Parliament
\n\u2013 Sascha Korte, Chief Executive Officer, European Home Care
\n\u2013 Josef Schnusenberg, tax advisor, former CEO and CFO of FC Schalke 04
\n\u2013 Arnd Sieling, solicitor, Chief Executive Officer of Avantium Asset Management
\n\u2013 Olaf Thon, Head of Department at FC Schalke 04, former national player<\/p>\n
The advisory board will be chaired by Arnd Sieling, who commented on the reorganisation of the advisory board as follows: \u201eThe task of the advisory board is to support the shareholders and management of the St\u00f6lting Service Group in achieving their strategic growth targets and overcoming the many challenges that this entails. We look forward to this!\u201c.<\/p>\n
Hans Mosbacher, managing partner of the St\u00f6lting Service Group, adds: \u201eWith the reorganisation of the advisory board, we have succeeded in attracting a group of external advisors consisting of highly qualified individuals from various fields to support the further development of the group. The willingness of these individuals to participate in the advisory board also confirms our belief in the sustainable growth potential of the St\u00f6lting Service Group.\u201c<\/p>","protected":false},"excerpt":{"rendered":"
In the ranking of building service providers, St\u00f6lting even greets us from the top of the list. <\/p>","protected":false},"author":10,"featured_media":2057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,9],"tags":[],"class_list":["post-2052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pressemeldungen"],"acf":[],"yoast_head":"\n