For press enquiries:
Rücker AG
Irina Dell
Head of Marketing & Communications
Kreuzberger Ring 40, 65205 Wiesbaden
Phone: +49 611 73 75-0
Fax: +49 611 73 75-259
irina.dell@ruecker.de
Rücker AG: downturn after a record 2008
More engineers sought - 50 vacancies need filling immediately
Wiesbaden, 13 March 2009
Rücker AG achieved turnover and earnings growth in the 2008 financial year despite an increasingly difficult economic climate. Preliminary annual figures showed the publicly quoted engineering group, a market leader in supplying development engineering goods and services to the world's aviation and automobile industries, increased its turnover in 2008 by over 4 percent to 176.3 million Euros (2007: 168.9 million Euros). Earnings before interest and taxes (EBIT) increased to 11.0 million Euros (2007 9.3 million Euros). Annual profits improved even more from 4.5 (in 2007) to 6.5 million Euros.
Sales revenue 2009 will be below that of last year due to the financial and economic crisis. Project delays will also have deleterious effects on turnover and revenue. Rücker AG is combating all this by further optimising its fixed costs and adjusting capacity as well as short-time working to a minor extent. The group nevertheless still hopes to recruit 50 engineers.
What will happen in 2009 cannot reliably be predicted under current circumstances. The good results of last year are unlikely to be achieved, though.
The group's board will report comprehensively on 2008 and what it expects for 2009 on 25 March 2009 on 25 March in Frankfurt/M.
Sales revenue 2009 will be below that of last year due to the financial and economic crisis. Project delays will also have deleterious effects on turnover and revenue. Rücker AG is combating all this by further optimising its fixed costs and adjusting capacity as well as short-time working to a minor extent. The group nevertheless still hopes to recruit 50 engineers.
What will happen in 2009 cannot reliably be predicted under current circumstances. The good results of last year are unlikely to be achieved, though.
The group's board will report comprehensively on 2008 and what it expects for 2009 on 25 March 2009 on 25 March in Frankfurt/M.
Rücker AG – the publicly quoted engineering group
Its current chairman Wolfgang Rücker founded the Rücker group of Wiesbaden, Germany, in 1970. It went public in 2000 and is now a leading globally active supplier of technical development goods and services to the world's aviation and automotive industries. Virtual goods and services in the bodywork, interior and electrical systems development fields are supplied to all the well-known names in the global automotive industry. In aviation the company offers goods and services ranging from styling aircraft interiors via concept development and the creation of models and prototypes to the calculation of fuselages and wings as well as entire cabin furnishing schemes.
Rücker AG employs over 2,500 people, nearly all engineers, at 35 locations in 18 countries.
Rücker AG employs over 2,500 people, nearly all engineers, at 35 locations in 18 countries.