Nuremberg/Hamburg, July 22, 2024 – TA Triumph-Adler GmbH closed the 2023/2024 financial year, which ended on March 31, 2024, with total revenue of EUR 287.4 million. Difficult external conditions and an IT changeover are the main reasons why revenue is down on the previous year. Despite a variety of challenges, the planned profit will be achieved at the bottom line.
Christopher Rheidt: “TA Triumph-Adler remains a safe haven even in stormy times”
Like the entire German economy, TA Triumph-Adler also felt the effects of the global crises, rising energy prices, high inflation, the domestic political situation and the increasing shortage of skilled workers in the past financial year (period: April 1, 2023 to March 31, 2024). “Overall, it was a challenging year for us too. However, we continue to operate successfully on the market. The planned bottom-line result was achieved, which is a good performance given the circumstances. This sends a clear signal: TA Triumph-Adler remains a safe haven even in stormy times - in our industry and beyond,” says Christopher Rheidt, Managing Director of TA Triumph-Adler.
Increased focus on strategic goals
After TA Triumph-Adler successfully closed the last financial year at a pre-corona level at the end of March 2023, the company turned its attention to the future. The company's own medium and long-term goals were brought back into focus, including the conversion of the ERP system. “We succeeded in completing this project thanks to the great commitment of the entire TA team. An important milestone, especially with regard to the future viability of the company,” emphasizes Rheidt. Despite this complex project and the circumstances mentioned above, TA Triumph-Adler was able to continue its stable business development in the first half of the year, ending it at the end of September 2023 with revenue of 137.2 million euros, on a par with the previous year. In the second half of the year, in addition to the challenges following the IT changeover, business was again increasingly impacted by difficult external conditions. Disrupted supply chains and low availability of goods led to temporary delays in deliveries, particularly to end customers.
Direct sales remain stable - indirect channel faces challenges
A more detailed look at the results shows that direct sales remain stable in terms of turnover compared to the previous year. Incoming orders are up on the previous financial year, driven primarily by the core industries of healthcare and the public sector. Among the subsidiaries, TA Switzerland impressed with a stable sales trend. In addition, the number of “Machines in Field” (MiF), the contractually bound printing and copying systems used by customers, grew slightly again in the 2023/2024 financial year. Although the Production Printing and ECM & ICT divisions were able to implement strategically important projects, they were unable to match the previous year's results. Difficult economic conditions, particularly in exports, mean that the indirect channel via the UTAX brand recorded a slight decline in sales in the 2023/2024 financial year.
Christopher Rheidt: “Important steps have been taken. We are looking positively to the future”
Taking profit and circumstances into account, a decent result was achieved overall, but this should be exceeded again in the 2024/2025 financial year: “We remain ambitious. Our good order intake and the positive feedback from customers show that our products are in demand and are hitting a nerve in the market. In recent years in particular, we have also proven that we can be and remain successful even in a difficult economic environment. Among other things, this is due to our customer focus, our sales strength, the strong product portfolio of our parent company and our holistic offering with innovative hardware, software and services from a single source. Last but not least, we have taken important strategic measures in recent months and set the course for TA Triumph-Adler to remain competitive, innovative and successful in the future. We are therefore looking positively to the future,” emphasizes Rheidt.
