Zeppelin Group – Friedrichshafen and Garching near Munich, Germany – closed the 2020 financial year with another increase in sales and earnings (EBITDA) and also presented very solid earnings before taxes. With group sales of €3.3bn (previous year: €3.1bn), an EBITDA (earnings before interest, tax, depreciation and amortisation) of €394 million (previous year: €376m) and a net profit before tax of €125m (previous year: €134m), the group once again was able to increase its sales and report a very healthy result despite pandemic-related pressure and integration expenses for acquisitions made in the previous year. Creditreform Rating AG rated the creditworthiness of the company above average in 2020, awarding it an ‘A’ rating. The Zeppelin Group states that it is cautiously optimistic for 2021 and expects steady growth in the relevant markets despite the unresolved coronavirus contagion.

"With the global COVID-19 pandemic, 2020 has presented Zeppelin with major challenges. The experience we gained during the 2008/2009 financial crisis and the strategy we developed as a result are key reasons why Zeppelin has overcome the situation so well. Sales and earnings in 2020 prove that the group is holding its ground in a difficult market environment and is a reliable key figure for customers and business partners," commented Peter Gerstmann, chairman of the management board of Zeppelin GmbH.

As a whole, the Zeppelin Group was affected by the pandemic in many ways. Temporary uncertainty in the markets, slow public procurement, and closed construction sites due to partial lockdown in some of the markets relevant to Zeppelin led to a noticeable drop in the market and sales of construction equipment. Plant Engineering suffered from the fact that, despite the high volume of projects, only minor contracts were awarded owing to the limited travel options.

The Zeppelin Group offers solutions for the construction industry, drive systems and energy sectors as well as engineering and plant engineering; it is represented in 43 countries and regions around the world at more than 220 sites. Zeppelin GmbH is the group holding company. It is legally domiciled in Friedrichshafen and now has its head office in Garching near Munich. Its roots can be traced back to the establishment of the Zeppelin Foundation by Graf Ferdinand von Zeppelin in 1908. www.zeppelin.com.

 

The management board of the Zeppelin Group, from the left: Christian Dummler, Alexandra Mebus, Michael Heidemann and Peter Gerstmann

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