For press enquiries:
Rücker AG
Irina Winkelmann
Head of Marketing & Communications
Kreuzberger Ring 40, 65205 Wiesbaden
Phone: +49 611 73 75-0
Fax: +49 611 73 75-259
irina.winkelmann@ruecker.de
Rücker AG double-digit improvement in the first six months
Major operating profit increase in 2011 - Profited from positive market developments - 500 more engineers sought
Wiesbaden, 03 August 2011
The publicly listed globally active engineering contractor Rücker AG of Wiesbaden in Germany profited considerably in the first half of 2011 from the sales successes of the leading carmakers and the increased demand associated with it. Year-on-year our turnover increased by 17% during this period to 86 million Euros (73.3 million Euros in 2010). Domestic business improved especially well (26%).
Increased volume of business led to greatly disproportionate improvement in results as fixed costs increased only to a minor extent. EBIT (Earnings Before Interest and Taxes) rose 54% to 4.3 million Euros (2010 2.8 million Euros). After interest and taxes this left 2.5 million Euros for the first six months of 2011. That’s a year-on-year increase of 44% (2010 1.7 million Euros). Increased demand was reflected in increased costs for investments in tangible assets and software of 2.1 million Euros (2010: 1.5 million Euros). We had a total of 2,285 employees on 30 June 2011. As the order situation is good we need to recruit a further 500 engineers.
In addition to leading carmakers our clientele includes well known aviation, railway engineering, shipbuilding, mechanical engineering and environmental engineering companies. Wolfgang Rücker, chairman of the group, commented on the results of the first half of 2011 by stating that “The market for engineering development and services improved greatly in 2011. This is mainly due to improvement in virtually all the relevant markets. Fortunately for us we have profited from the increase in development orders commissioned by the world’s automobile industry. This particularly applies to future-oriented electronic components and alternative power concepts as well as new and lighter materials and current and future legal requirements for improved safety measures”. Rücker is optimistic about the near future in view of the positive trends already apparent.
Increased volume of business led to greatly disproportionate improvement in results as fixed costs increased only to a minor extent. EBIT (Earnings Before Interest and Taxes) rose 54% to 4.3 million Euros (2010 2.8 million Euros). After interest and taxes this left 2.5 million Euros for the first six months of 2011. That’s a year-on-year increase of 44% (2010 1.7 million Euros). Increased demand was reflected in increased costs for investments in tangible assets and software of 2.1 million Euros (2010: 1.5 million Euros). We had a total of 2,285 employees on 30 June 2011. As the order situation is good we need to recruit a further 500 engineers.
In addition to leading carmakers our clientele includes well known aviation, railway engineering, shipbuilding, mechanical engineering and environmental engineering companies. Wolfgang Rücker, chairman of the group, commented on the results of the first half of 2011 by stating that “The market for engineering development and services improved greatly in 2011. This is mainly due to improvement in virtually all the relevant markets. Fortunately for us we have profited from the increase in development orders commissioned by the world’s automobile industry. This particularly applies to future-oriented electronic components and alternative power concepts as well as new and lighter materials and current and future legal requirements for improved safety measures”. Rücker is optimistic about the near future in view of the positive trends already apparent.
In brief: Rücker AG – the publicly quoted engineering contractor
Rücker AG of Wiesbaden, Germany, was founded in 1970 by its current chairman and majority shareholder Wolfgang Rücker. It has been publicly quoted since 2000 and is now a market leading engineering and services contractor to the world’s aviation and automobile industries. Clients include international automobile, aviation, railway engineering, shipbuilding and environmental and mechanical engineering companies.
Our automobile division renders virtual development and services to many major makers in the bodywork, interior design and electrical system fields. The group’s aviation division
offers and services ranging from styling aircraft interiors via designing and modelling models and prototypes to calculating and constructing wing and fuselage structures.
Rücker AG has 35 locations in 18 countries and currently employs about 2.300 people, nearly all engineers.
Turnover in the 2010 financial year grew by 15.7 percent to 151.9 million € (2009: 131.3 million Euros). EBIT 2010 was over double that for 2009 and increased thanks to a higher volume of business from 3.7 million Euros to 8.1 million Euros. 2010 profits totalled 4.8 million €, triple that for the year before (1.5 million Euros).
Our automobile division renders virtual development and services to many major makers in the bodywork, interior design and electrical system fields. The group’s aviation division
offers and services ranging from styling aircraft interiors via designing and modelling models and prototypes to calculating and constructing wing and fuselage structures.
Rücker AG has 35 locations in 18 countries and currently employs about 2.300 people, nearly all engineers.
Turnover in the 2010 financial year grew by 15.7 percent to 151.9 million € (2009: 131.3 million Euros). EBIT 2010 was over double that for 2009 and increased thanks to a higher volume of business from 3.7 million Euros to 8.1 million Euros. 2010 profits totalled 4.8 million €, triple that for the year before (1.5 million Euros).
