Record-breaking sales achieved by Dussmann in 2024 - Dussmann forecasts unprecedented sales growth in 2024
Hey there! Let's chat about the whopping milestone achieved by Berlin-based service powerhouse, Dussmann AG & Co. KGaA. You've probably heard of them, but if not, here's a quick rundown. They're a family-owned conglomerate, renowned for their cultural department store in the capital, with a massive footprint in 21 countries employing around 70,000 people globally.
Dussmann's 2024 Glory
In the history books, 2024 will go down as Dussmann's record-breaking year. With a revenue of 3.3 billion euros, the company shattered its previous year's figure by a staggering 8.4 percent. A significant portion of this growth came from increased contracts in building management and technical facilities. And get this—their profitability also took a leap!
Here's the fascinating part: books, games, and records make up a tiny fraction of their business. Their primary earnings come from building management, catering, care services, and technical services like cleaning and monitoring industrial and office buildings. Together, these sectors accounted for approximately two-thirds of their revenue last year.
Plant Construction: The Game Changer
But the real intrigue lies in Dussmann's aggressive focus on the construction of technical plants. This sector now makes up about one-fifth of their total revenue and is expected to account for almost a third in the short-term. Last year, they served as the general contractor for the equipment of a new data center in Germany, along with projects in the pharmaceutical, retail, and logistics sectors.
A Bumpy Ride in Care Business
While the growth in the technical plant construction sector is exciting, the care business has its challenges. Dussmann operates its own kindergartens and senior living facilities; however, despite plans to expand, no new locations were added last year. Yet, revenue in this sector saw an increase, owing to higher occupancy rates and care fees.
The Cultural Icon: Berlin's Department Store
The cultural department store in Berlin set a new revenue record of 45 million euros, making it the smallest of their four business areas but arguably the most famous. The location is unique, with no plans for additional department stores in the works, according to Catherine von Fürstenberg-Dussmann. Her words, "Over my dead body"—and she means it!
While the search results don't provide specific details about Dussmann's future plans for technical plant construction, the company's commitment to sustainability through their Green Protocol (which aims to reduce the carbon footprint of cleaning activities by 20%) suggests that they're moving towards a more eco-friendly future. Stay tuned for more updates on this exciting service provider!
In the pursuit of continued growth, Dussmann Service has announced plans to extend their vocational training programs in the technical plant construction sector, aiming to equip more employees with the skills necessary to meet the demand for eco-friendly solutions in this burgeoning field. To finance these initiatives, they are exploring potential partnerships with financial institutions that align with their commitment to sustainable business practices.
