The CWS-boco Group generated a record turnover in the 2015 business year. At € 779 million, it is up 4% on last year and is greater than ever before.
The CWS-boco Group’s success story continues to go from strength to strength: In the 2015 business year, the company increased its turnover by approx. 4%. The record turnover of € 779 million is € 28 million more than the 2014 figure. With an operational result of € 75 million, which is € 4 million more than the figure from the previous year, the company once again recorded disproportionate growth. The earnings before tax increased by 36 per cent from € 47 million to € 64 million.
The key reasons for this positive development are, on the one hand, the expansion of the sales workforce, which has proved highly lucrative for the new business sector, and, on the other hand, in 2015 CWS-boco continued its measures to modernise its laundry network. New laundries opened up in Germany, Croatia and Poland. These are based on a highly flexible laundry concept which not only improves the quality of services, but also significantly reduces the amount of resources used.
In addition, the company further improved customer loyalty by enhancing its service quality and stepping up its customer service. In 2015, CWS-boco also successfully integrated its acquisitions into its business fields: SaniQ, in the washroom hygiene sector in the Netherlands, the workwear and washroom hygiene business of Celtic Linen in Ireland and Zahn-Hitex in the clean room sector in Germany.
Adjusted for acquisitions and currency effects, the turnover of the service business – the rental of workwear, washroom hygiene products and dust control mats – is up by two per cent.
“The growth achieved last year is confirmation that the market still has a lot of potential. Having spent the last two years developing sales, in the future we want to focus on building our reputation as a driver of innovation. Our pioneering role in terms of sustainability will be a great help here,” explained Max Teicher, CEO of the CWS-boco Group.