May 24 2016, David R Brown
The Biesterfeld Group reports a rise in operating profits for 2015
Biesterfeld AG has reported that it significantly increased its operating profit in 2015 whilst maintaining revenues at approximately EUR 1.1 billion. With the latest results, the 110-year-old business group continues to pursue its long-term growth strategy.
2015 was a very successful year for us
Thomas Arnold
CEO of Biesterfeld AG
The Biesterfeld Group succeeded in growing its earnings during 2015. At €1.1 Bn, revenues remained solid at the previous year's level. Throughout the past year, corporate structures were targeted for development while business activities and the product portfolio underwent further expansion. Overall, operating profit rose to €40.1m. CEO of Biesterfeld AG, Thomas Arnold, commented: “2015 was a very successful year for us. Thanks to our long-standing and close cooperation with customers and suppliers, not to mention generally positive developments in the economic situation, we were able to raise the operating profit of the Biesterfeld Group to a record level.”
Alongside its extensive product range, the Group relies on strong collaboration with suppliers from among the world's market leaders. Its strategic focus centres on a service-orientated offering of plastics, chemical specialities and commodities. “We don't just offer our customers products, above all we offer solutions. Product know-how and technical advice regarding applications play an important role, as do support with formulations and laboratory expertise", explained Thomas Arnold. "Intensive and innovative consultations by our staff are essential in this respect. Our choice of strategic focus has been validated by both customers and the market.”
The family-owned Group plans to continue its consistent and sustained growth in 2016. Aside from extending the product portfolio, attention will also be directed toward geographic expansion.
About Biesterfeld AG
Biesterfeld AG is the parent company of the Biesterfeld Group, active for 110 years as a trading and service company. The group is one of the leading companies in the distribution of chemicals and polymers with over 50 locations in Europe, North and South America, Asia as well as Africa. The family-owned group of companies aims at steady, profitable growth in the future of its three business areas namely Biesterfeld Plastic, Biesterfeld Spezialchemie and Biesterfeld International.
Source(s): Biesterfeld Press Release
Further Information
Visit: http://www.biesterfeld.com