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Order Volume Tops €1bn For KNAPP In Business Year 2018-2019

By Dayeeta Das
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Order Volume Tops €1bn For KNAPP In Business Year 2018-2019

Leading intralogistics automation provider, KNAPP AG, has announced its results for its business year 2018-2019, which show another period of solid growth.

Order volume exceeded the €1 billion mark for the first time in the company’s history, while net turnover rose by 34.5% to €954 million.

Profits were also up by an impressive 44.2%, with the company reporting an EBIT of €65.2 million.

Investment in R&D

KNAPP's managing board – Gerald Hofer (CEO), Franz Mathi (COO) and Christian Grabner (CFO) – expressed delight with the company's performance at a recent press conference, held at the group’s headquarters in Hart, close to Austria’s second-largest city, Graz.

The board ascribed KNAPP’s ongoing success to continuous investment.

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In the last year alone, the company invested over €43 million in buildings and infrastructure, and a further €48 million in research and development – an increase of 25%.

"Innovation and development remain two of KNAPP AG’s main focuses," confirmed Franz Mathi, COO.

"Over the past year, we have extended our sites in Leoben and Dobl, and have expanded our capacities in Poland, Slovenia, and Croatia, to name but a few.

"In the future, we will invest in expanding our subsidiaries in Austria and around the world – including a new headquarters building in the USA," Mathi added.

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More Than 4,500 Employees Worldwide

KNAPP now has more than 4,500 employees around the world, over 700 more than in the previous year.

"As a company, we’re used to constantly evolving and to re-inventing ourselves in certain areas. One major challenge we face is finding the right employees and integrating them in the company," explained CFO, Christian Grabner.

"To help us achieve this, we have invested in employer branding activities in recent years."

KNAPP offers excellent career prospects in an exciting technical and international environment, with a positive and creative corporate culture and a focus on personal development.

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Sustainability

In addition to investing in the development of sustainable intralogistics solutions for clients, KNAPP is committed to sustainable operations at its headquarters and locations around the globe.

One example in the past business year is the ‘KNAPP goes green’ campaign, to promote the use of electric vehicles and public transport, which received €1.4 million of funding from the company.

Over 370 employees are now taking part, with further initiatives in the pipeline.

Sustainability has also been demonstrated by the recent installation of a photovoltaic system on the roof of the company headquarters in Hart bei Graz, which has a peak performance of almost 200 kWh.

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Solar energy is used to power the office buildings, as well as 28 charging stations for electric cars.

Outlook and trends

With exceptional growth over the last two years, the outlook for KNAPP could not be brighter – although the company recognises the need for continued investment in innovation.

"In the future, we will need to work with highly integrated networks that extend from production all the way to the end customer," explained COO, Franz Mathi. "There are new technological approaches to this trend that we are using as the basis for our solutions."

Hofer added, "The value creation chains for products and services are constantly changing. It’s vital that we change with them and recognise new trends."

© 2019 European Supermarket Magazine – your source for the latest retail news. Sponsored content. Click subscribe to sign up to ESM: European Supermarket Magazine.

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