Focus on digital security begins to bear fruit:
DEKRA with 11 percent jump in revenue
Despite the massive economic impact of the war in Ukraine and the coronavirus pandemic, DEKRA expects growth of around five percent in the current fiscal year. The number of employees is expected to increase further by over 1,000 (2021: 47,770, 2020: 43,990). In the second year of the pandemic, the expert organization proved its resilience: Revenue grew by 10.9 percent to more than 3.5 billion euros in 2021. At 226.0 million euros, earnings before interest and taxes (adjusted EBIT) were approximately equal to the pre-coronavirus figure in 2019. Net profit increased by around 50 percent, or 47.6 million euros, to 141.5 million euros in 2021 (previous year: 93.9 million euros) – and was thus more than 20 million euros higher than in the strong year 2019. Stan Zurkiewicz, the new Chairman of the Management Board, attributes these positive developments in a volatile environment mainly to the Company’s strong market position, customer centricity, dedication of employees and accelerating digitalization. “We are closely in touch with our customers’ needs and are concentrating on five high-growth focus areas where we are developing the digital services of the future,” said the 42-year-old, who took on the baton from long-serving CEO Stefan Kölbl in April. In the context of digitalization, DEKRA is benefiting from completely new safety requirements that must be met, for example in relation to issues of cyber security and connected mobility. With capital expenditure of more than 140 million euros in 2021, DEKRA has laid the foundations for further growth around digitalization and driven forward internationalization – for example in the Asia-Pacific (APAC) region.
- Expert organization increases revenue to more than 3.5 billion euros in 2021
- Adjusted EBIT of 226 million euros, 15 percent up on previous year
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“We are pursuing our goals from a position of strength. In 2021, for example, equity rose to 33.5 percent, or almost one billion euros,” said CFO Wolfgang Linsenmaier. Growth in the Asia-Pacific (APAC) region was particularly strong, with revenue up 17.8 percent to 221.2 million euros. The Germany region also made significant gains, posting an increase of 11.2 percent to 2,145.7 million euros. “Germany is and remains the largest and most important market for DEKRA,” said CEO Stan Zurkiewicz.
“Success and acceptance of digitalization substantially hinge on secure connectivity,” remarked Ulrike Hetzel, Chief Technology Officer (CTO) on DEKRA’s Management Board. The expert organization focuses on the three pillars of cyber security when developing appropriate solutions: people, products, and processes. This is how DEKRA helps its customers become more robust with regard to internal and external attacks. DEKRA ensures a secure Internet of Things (IoT), for example, with tests and certificates in accordance with the new EN 303 645 European standard – the basis for cyber security in the smart home. Last year, DEKRA awarded the first EN 303 645 certificate to a household appliance manufacturer in China. DEKRA expects the market for cyber security solutions to grow by around 40 percent annually until 2025.
Trust in safety plays a crucial role when it comes to artificial intelligence (AI). “AI is evolving rapidly and our goal is to help shape the AI ecosystem of the future as a neutral third party,” explained Ulrike Hetzel. DEKRA is involved in the implementation of statutory regulations in technical standards and norms, for example. In 2021, DEKRA became a shareholder of Spearhead. This Swiss company uses AI to help motor insurers and fleet operators digitalize the processes surrounding the recording and settlement of claims. DEKRA expects the market for digital claims processing to grow rapidly and that corresponding solutions will be used in well over 50 percent of claims as early as 2025.
In the growth area of sustainability, DEKRA sees potential in holistic solutions for managing the energy transition, for environmental, social and governance (ESG) standards, and for the circular economy. These include, for example, services for analyzing and reducing the carbon footprint of companies or their products. Lenovo’s CO2 Offset Service for customers was verified by DEKRA in 2021, since when the Company has won further carbon footprint projects. The markets for sustainability audits, sustainability management systems and product testing in line with the latest environmental standards are similarly diverse.
DEKRA has made a good start to 2022, with revenue for the first quarter almost ten percent up on last year. “The devastating war in Ukraine will make it difficult for us to maintain this momentum,” Stan Zurkiewicz said. According to the DEKRA CEO, growth in Germany, Europe and the world will shrink as many industries face disruptions to their supply chains and a shortage of raw materials as well as intermediate products. He also anticipates that high energy prices will continue to fuel inflation. Despite these uncertainties, DEKRA is planning ambitious growth of around five percent for 2022. DEKRA expects to see increasing investment in cyber security, for example in the automotive industry.
- DEKRA Press Release Annual Press Conference 2022 (PDF, 61 KB)
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- DEKRA Member of the Board of Management CFO Wolfgang Linsenmaier (JPG, 2 MB)
- DEKRA Member of the Board of Management CTO Ulrike Hetzel (JPG, 1 MB)
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