TÜV Rheinland’s 2021 revenue hits a record of 2.091 billion euros

IT House reported on June 6 that on the occasion of its 150th anniversary, TÜV Rheinland, an independent testing service provider, announced a record-breaking balance sheet, and the group achieved revenue in 2021. 2.091 billion euros(approximately RMB 14.909 billion, 2020: EUR 1.952 billion), a year-on-year increase of 7%,record high.

In fiscal 2021, TÜV Rheinland achieved the highest EBIT in its 150-year history of EUR 157.8 million, a significant increase from the previous year (negative EBIT of EUR 23.6 million in 2020 due to non-recurring gains and losses); EBIT in 2021 was significantly higher by EUR 22.2 million compared to 2019 (EUR 135.6 million). The EBIT margin climbed to 7.5% from negative 1.2% in 2020 and 6.5% in 2019, the year before the pandemic.

TÜV Rheinland’s global workforce decreased slightly last year, with an average full-time workforce of 20,241 in 2021, a 2% decrease from the previous year, a decrease of 416. Capital expenditures in 2021 are approximately EUR 57.7 million.

IT House understands that TÜV Rheinland was founded on October 31, 1872, originally as “Verein zur Überwachung der Dampfkessel in den Kreisen Elberfeld und Barmen”, that is, “Elberfeld and Barmen Regional Steam Boiler Supervisory Association” , that is, initially aSteam Boiler Supervisory Association.

Officials said that in the future, TÜV Rheinland will focus on sustainable development defined by the “United Nations Sustainable Development Goals” and actively respond to the climate crisis.