Drees & Sommer Consolidated Results 2019: Sustainable and Digital Investments Prove Their Worth
Stuttgart-based Drees & Sommer SE generated sales of EUR 500.1 million in the 2019 fiscal year. Sales rose by EUR 75.2 million compared to the previous year, up almost 18 percent. Earnings of the international planning and consulting company for the construction and real estate sector increased by around 19 percent to EUR 56.7 million. A key factor in the result is the sustainable and digital direction, both with regard to client projects and the company itself. The firm's range of services, covering the entire property life cycle, also produced strong demand.
‘All our new projects start with a digital transformation and sustainability strategy. In addition to these topics of the future, our clients are increasingly requesting one-stop models, combining expertise in management, planning and construction implementation. To meet this requirement, internally we have positioned ourselves fit for the future, something that our clients have rewarded. The strong consolidated net income is proof of this,’ explained Steffen Szeidl, Member of the Executive Board at Drees & Sommer SE.
Drees & Sommer posted a significant increase in sales primarily in the property companies sector, i.e. companies with core business in real estate, as well as in the automotive, industrial and education sectors. The international locations and corporate shareholdings also contributed to growth. In addition to the German-speaking area (Austria, Germany and a part of Switzerland) and the global growth regions, the company is increasingly focusing on the markets within Europe.
Economy Regaining Momentum
Backed by the good results of previous years and the 2019 fiscal year, Drees & Sommer is overcoming the challenges posed by COVID-19. During lockdown, the company adapted the scope of services to the needs of its clients.
‘Controlled project shutdown, vacancy management and recommissioning were in high demand. Most of the construction projects for Drees & Sommer clients were able to continue. Due to the consequences of the Corona pandemic and the associated economic downturn, the conditions for the current and coming year are not the best. However, our respectable results from previous years are now carrying us through the current crisis. Despite the difficult starting situation, we are confident that the economy will fire up again and, following a start-up phase, it will pick up speed,’ commented Dierk Mutschler, Member of the Executive Board at Drees & Sommer.
You can find more detailed data on the consolidated net income as well as an interview with both Members of the Executive Board about the fiscal year, a selection of lighthouse projects and the focus topic Artificial Intelligence: Evolution of Work? in the latest annual report.
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