Order intake grows by 17.5% to almost EUR 2 billion, driven by all four business units
Group sales revenue grows by approx. 30 %
Largest project in company history for US retailer successfully implemented
Significant technology partnerships concluded in the field of automation
Material handling business continues to benefit from booming online trade
Neunkirchen/Siegerland, Germany February 28, 2022– The SSI SCHAEFER Group, a leading international provider of modular warehousing and logistics solutions with almost 10,000 employees, significantly increased its order intake and sales revenue in fiscal year 2021 based on preliminary figures. The strong performance in new business was driven by all four business units: Logistics Solutions, Products & Equipment, Customer Services, and Waste & Packaging. At just under EUR 2 billion, order intake was 17.5% higher than the previous year.
Sales revenue increased by 30%. The biggest revenue driver was the Logistics Solutions business, which increased its revenues significantly, in particular due to the completion of a number of major intralogistics projects in the fourth quarter. This included the largest project in the company's history, the e-commerce fulfillment center of one of the leading omnichannel retailers in the USA, which was launched in December 2021 in time for Black Friday after only three years of construction. The Customer Services business also grew strongly, benefiting from high project utilization. The Waste & Packaging and Products & Equipment businesses also developed positively.
In terms of earnings, the positive trend of the previous year is consolidating and, according to preliminary figures, the Group has further significantly increased its profitability.
Steffen Bersch, CEO of SSI SCHAEFER Group: "We are pleased with the course of the fiscal year, although the market and the ongoing transformation of the Group remain challenging. As in the industry as a whole, individual activities of the SSI SCHAEFER Group were also affected by supply problems for essential components and material cost increases in the past fiscal year. Nevertheless, we made good progress in all our strategic priorities of innovation, profitability, growth, customer satisfaction, sustainability and employee orientation. I would like to take this opportunity to thank all employees who have contributed to this success."
An important milestone for the aspiration to be a technology leader in the industry was the acquisition of a majority stake in SWAN GmbH in the past fiscal year. Through this, SSI SCHAEFER increases its activities in the area of SAP Extended Warehouse Management (EWM) integration in addition to its own software WAMAS®. This strengthens the Group's market position and opens up new customer potential. In the field of automated guided vehicles in intralogistics, the already successfully established partnership with the Austrian manufacturer of self-driving vehicles DS Automotion was intensified and joint development work was advanced.
The SSI SCHAEFER Group is also on course in the area of sustainability. In the fall of last year, the group-wide sustainability strategy was adopted. It will be presented with the Sustainability Report 2021, which will be published in summer 2022. On the customer side, the Group contributed to meeting customer needs even more efficiently and sustainably in numerous projects last year through its intelligent intralogistics solutions. Exemplary for the innovative strength is the Vertical Farming solution in cooperation with Infarm for the sustainable supply of an increasingly urbanized society, which will also be presented at the Expo 2020 in Dubai until March 31, 2022.
In 2022, the SSI SCHAEFER Group will continue to drive forward its focus on modular and scalable intralogistics solutions.