The Messer Group has released its 2016 full year financial results achieving consolidated sales of €1.146bn ($1.308bn) and an operating profit of €249m ($284m), despite the challenging economic environment.
The operating profit dropped by around 1%, while sales fell by 2%, compared to 2015 which saw a total global sales increase of 11%, consolidated revenue of €1.16bn ($1.32bn) and operating profits of €252m ($286m).
Last year, the German corporation made investments totaling €147m (4167m). A large part went into new production facilities in China, Poland, Slovenia and Vietnam as well as into developing the Group’s Association of Southeast Asian Nations (ASEAN) business. By cultivating partnerships and further increasing supply of local markets, the company has managed to generate impressively strong growth in the past year.
According to gasworld’s Senior Business Analyst, James Barr, the largest share of Messer’s revenues was generated in Asia, closely followed by the Eastern and Central European region. Bulk sales generated 36% of its revenue in 2016, whilst cylinder sales generated a further 24%. Transactions with the basic metals industry accounted for around 27% of the revenue, whilst chemical clients accounted for another 12%.
Stefan Messer, owner and CEO of the Messer Group, commented, “EBITDA fell just short of the previous years’ level but actually turned out much better than we had anticipated in our forecast for the financial year. This gratifying development is a confirmation of our strategic focus on business with cylinder gases, as well as the development of our markets in China and ASEAN.”
He continued, “Messer is always on the move. Not resting on our laurels but constantly looking for new opportunities and possibilities is part of how we see ourselves.”
Energy management and environmental protection at Messer
The Messer Group aims to reduce the specific energy consumption of its air separation units by 0.5% a year between 2010 and 2020. The company is seeking to achieve this through better capacity utilisation of production facilities, continuous investment in even more efficient facilities and targeted energy efficiency projects.
Messer uses the energy coefficient to indicate the reductions achieved in specific electrical energy consumption. The energy coefficient fell slightly from 1.376 in 2015 to 1.368, representing a reduction of approximately 0.6%. The commitment to environmental protection is also reflected in the quality management system that applies across the Messer Group as a whole.