Preliminary annual result: TUEV SUED Battery Testing GmbH records best year in history
TUEV SUED Battery Testing GmbH, a successful joint venture of TUEV SUED and LION, further expanded market shares in the business year 2015 and is able to record the best year in its history:
Compared to the previous year, turnover increased by 45,3% to 4.301 TEUR (Previous year: 2.961 TEUR).
Balance sheet total reduced by 7,7% from 8.435 TEUR to 7.782 TEUR, due to a reduction of liabilities.
Annual profits rose from -270 TEUR to 637 TEUR.
EBITA increased from -230 TEUR to 733 TEUR.
EBITDA grew by 238 % from 412 TEUR to 1.390 TEUR.
These figures are a result of a consistent implementation of the company’s growth strategy, which included the expansion test capacities for cell, module and destructive tests and the finalized integration of our crash test center in Oberpfaffenhofen. Furthermore several improvements were made, which lead to an increase in capacity utilization. These measures resulted in a significant rise in profitability and competitiveness which is clearly represented by TUEV SUED Battery Testing GmbHs turnover and profit numbers. This solid base, the excellent order situation and the markets dynamic development provide an ideal start into the business year 2016. With its current orientation, TSBT can look ahead with great optimism.