Content - Administrative Board and shareholders very satisfied with the current business development

  • 01 July 2008

Administrative Board and shareholders very satisfied with the current business development

"In 2007, the Utz Group achieved an extraordinarily good result, and I would like to thank all the employees involved and the management for their great work rendered." With these words, the President of the Administrative Board of the group of companies, Dieter Utz, expressed his thanks at the beginning of 2008. What at this time no one really wanted to forecast – the extremely positive business development has continued over the first half of this year, too.

Administrative Board

All companies of the group have contributed to that. Outstanding, however, is the development of the turnover in Switzerland and Germany. Here, beside the sale of standard products, it is mostly customer-individual solutions, which were increasingly requested. But especially the project business has contributed to the consistently good order situation.

The increasingly successful contact of the Polish branch to customers in Russia has resulted in the decision to now also open a branch in Moscow. Until the first quarter of next year, in the USA new company buildings will be constructed, in which production will take place with state-of-the-art machinery.

In total, the estimation of the further development of the business year 2008 is very optimistic. Jean-Marc Dubois, CEO of the Utz Group: "Even with a prudent estimation, in 2008 we probably will still be able to exceed the excellent result of the previous year."