kb-network    News 25 Jul 2017

Austrian fittings manufacturer Blum reports revenue increase of 8 % in the financial year 2016/17

Family-owned manufacture and distribution of furniture fittings company, Blum has reported that revenue has increased 8 % to 1,788.08 million euro in the financial year 2016/2017, which ended on 30 June.

Blum supplies 120 markets all over the world, making it one of Austria’s largest export companies with seven plants in Vorarlberg, Austria, production sites in Poland, Brazil and the USA, along with 29 subsidiaries and representative offices around the world. 48% of Blum’s turnover was generated within the EU and 16% generated in the US. The recognition of their outstanding performance in exports hasn’t gone unnoticed, In June 2017, Blum won the prestigious Austrian export prize, the “Global Player Award”.

During the past financial year, 7,140 persons on average worked for Blum, CEO Gerhard E. Blum (pictured), summing up the fundamental importance that Blum attaches to its employees said:
“The high level of motivation of our worldwide team and the excellent cooperation of all departments and organisations within our group are an essential building block of our success”.

During the past financial year, the company have also succeeded in reducing its energy consumption by 31,412,000 kWh, the equivalent of approx. 5,150 tonnes of CO2. This is made possible through decade-long investments in environmentally friendly technologies, for instance, a ventilation and pressurised air system with waste heat recovery in the individual plants, the use of photovoltaic modules on the roofs and façades of buildings and many other initiatives.

Blum hopes that the principles of European free trade will be upheld. Managing Director Gerhard E. Blum cautiously assesses the upcoming months with Brexit in the pipeline, saying “The economic trend in Europe is positive overall. The biggest factor of uncertainty from our point of view is caused by the Brexit negotiations”.

For the Asia-Pacific region, Blum expects the positive economic developments to continue.  Signs of economic recovery in South America will also contribute to the overall positive outlook.

Blum | www.blum.com