Getzner Werkstoffe moves confidently into the new financial year
Stable, positive business development in spite of difficult raw material situation
home•Press•Getzner Werkstoffe moves confidently into the new financial year
Buers (AT). Getzner Werkstoffe, the leading vibration isolation specialist, reports positive business development. In 2021 the company recorded a turnover of EUR 134 million – an increase of 27 per cent over 2020. An ongoing strategic process supports the growth path that has been embarked on and current efforts to deal with the dynamic market conditions.
In 2021, Getzner achieved a turnover of EUR 134 million with just under 490 employees around the world. The double-digit growth of 27 per cent in comparison with the previous year can partly be attributed to price increases due to raw materials becoming more expensive, but is more the result of continuing high demand for vibration isolation solutions. “These are challenging times, but we are confident. Global future-oriented issues, such as the expansion of rail transport or sustainable urban development, currently require innovative vibration isolation – and the quality of our solutions is impressive. As a result, most customers in the markets have remained loyal to us – even in volatile times like these, and that is very important”, explains Jürgen Rainalter, Chief Executive Officer of Getzner.
Eleven million euros invested in spite of the pandemic Last year, Getzner invested eleven million euros into expanding the company further, including sustainability programmes. In addition to digitalising processes, there has also been and continues to be investment in internationalisation and a sustainable energy supply to ensure that the company is ready for the future. “We have set ourselves the target of obtaining the power that we need from renewable sources. As a result, even now lots of our energy is supplied via our recently renovated small hydroelectric power plant and the photovoltaic system on the extension building that was opened in 2021”, explains Jürgen Rainalter.
Efficiency programme to safeguard the future In the past year, Getzner has initiated a new strategic process in order to make the company even better prepared for its intended international growth and the changing market conditions. Several divisions of the company have initiatives to ensure they are even more ready for the future, some departments have been amalgamated based on synergies, while others have been newly created, which is why they are currently looking for new employees. This is contrasted with a shortage of raw materials and huge price increases as a result of the COVID-19 pandemic. “Due to the developments in the raw materials market, we have unfortunately been forced to adjust the prices for our products. We are facing additional costs in the millions, and the war in Ukraine is currently exacerbating the situation still further. However, we are seeing lots of other companies taking a similar approach and hope that our customers will understand”, explains Jürgen Rainalter.
Optimism thanks to stable demand Getzner has set itself ambitious targets and is on the right track. According to Jürgen Rainalter, “The longer-term strategic measures are proving effective, as evidenced by the balance sheet. In spite of the generally strained situation, the business development is stable and positive. I would primarily like to thank our staff, who are so committed to travelling along this path with us, but also our customers and partners around the world who put their faith in our solutions.”