2012 Financial Year JUMO GmbH & Co. KG
The JUMO corporate group can look back on another successful financial year during which it once again achieved a turnover of more than 200 million euros.
JUMO Germany generated a turnover of 152 million euros (previous year: 152 million euros). Internationally, an increase in turnover of 1.5 % was achieved, with the previous year's consolidated turnover of 202 million euros rising to 205 million euros.
The export quota has risen to a share of approx. 54 %. At the end of last year, the goods on order amounted to nearly 41 million euros.
The corporate group's solid financial structure and its available liquidity created the necessary conditions for the sales growth and the high level of investment.
In December 2012, the JUMO corporate group employed 2009 people worldwide. 1248 employees – including 104 trainees – were employed at the Fulda site. 43 employees were also working at branches and offices elsewhere in Germany and 718 employees held positions in subsidiaries in other countries.
On August 1, 2012, the corporate group had a total of 38 new trainees, students of cooperative education, and one-year interns. Out of the 31 young people who completed their training or studies in 2012, 22 were taken on as permanent employees. JUMO is also planning to create as many training positions as possible for 2013. In so doing, JUMO can train the next generation of skilled employees and give young people the opportunity to participate in vocational training.
News from Germany
2012 was another year in which we set the course for the future with our investments.
A total of nearly 9 million euros was invested. This included funds for a new logistics center for goods receipt totaling around 4 million euros.
Suggestions for improvement
Last year, we were once again able to implement many improvements within the corporate group and put numerous ideas into practice thanks to the wealth of suggestions received from employees.
The calculable cost savings currently stand at 435,000 euros. The submitted suggestions for improvement have led to a large number of organizational optimizations and improvements in how information is managed.
During the 2012 financial year a total of 365 suggestions for improvement were submitted by 249 people. This equates to a staff participation rate of 20 % and a recognition rate of 65 %.
Foundation of the subsidiary JUMO Canada Inc.
In 2012, JUMO founded a new subsidiary – JUMO Canada Inc. – in Ontario, Canada's most economically prosperous province. The subsidiary currently consists of a sales office and is located in the city of Burlington, 60 km away from the major city of Toronto. The Greater Toronto Area is also where most of JUMO's Canadian customers are based.
As the world's ninth largest national economy, Canada is active in a wide range of industries. Like Germany, its strong sectors include mechanical engineering, medical technology, the metal working industry, food processing, renewable energy, etc.
In 2011, Canada imported measurement and control technology products worth a total of 122 million euros from Germany alone. JUMO aims to tap into this potential with the opening of its Canadian subsidiary. As a result, JUMO has increased its presence in Canada for direct customer contact and service. The Canadian market has previously been supplied for many years by the subsidiary in the USA.
JUMO's international competitiveness will be further strengthened by its presence within this important market.
More than half a century
Two subsidiaries celebrated significant anniversaries in 2012: the subsidiary in Stäfa (Switzerland) has now been around for 40 years and the subsidiary in Spain marked its 25th anniversary.
JUMO Mess- und Regeltechnik AG, founded in 1972 in Switzerland, was one of the first subsidiaries. Its creation represented a key moment in the global expansion of the group's corporate presence. The subsidiary has continually adapted itself to meet the needs of the market. This flexibility has enabled the subsidiary to continuously grow. It now employs 25 employees in management and production areas.
The Spanish subsidiary JUMO Control S.A. was founded in 1987. This site has also continuously grown over the years. By now, 17 employees work in Mr. Gerardo Jentsch's team.
Both subsidiaries have their own production facilities and are able to adapt to the needs of their individual markets as a result. In addition to temperature sensors for the local market, the Swiss site also produces specialized versions for potentially explosive systems and rooms as well as temperature sensors for railway technology.
The anniversary celebrations took place at the company premises in Stäfa and Madrid. Mr. Bernhard Juchheim took the opportunity to thank the employees for their continuing dedication and commitment. He presented the managing directors, Mr. Wüest and Mr. Jentsch, with a certificate.
Outlook for 2013
Despite the economic crisis in Europe, the German economy proved itself to be robust in 2012 and was able to record a growth in GDP of 0.7 %. However, the forecasts for 2013 are still very cautious in view of the continuing crisis in the euro zone.
Nonetheless, the managing partners Bernhard and Michael Juchheim are optimistic and are looking to continue the growth trend during the current year.
For the 2013 financial year, the corporate group is aiming for a total turnover of 220 million euros, an increase of 7 %.
A team of nearly 2000 skilled and motivated employees, innovative products, 24 subsidiaries, and over 40 agencies will also continue to make a key contribution to the success of the company.
Phone: +49 661 6003-238
Email: Vorname Punkt Nachname at jumo Punkt net
Phone: +49 661 6003-207
Email: Vorname Punkt Nachname at jumo Punkt net