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VTU Engineering reports revenue increase of over 20 percent

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The specialist in plant engineering for the process industry again exceeded its growth targets in 2019.12.12.2019
Total revenue has grown continuously in recent years and will reach a new high in 2019: VTU will exceed the EUR 100 million mark for the first time - an increase of more than 20 percent compared with the previous year. A further branch was opened in Hamburg in October. VTU Engineering is now represented in eight German cities. The number of employees also increased from 539 in 2018 to currently 640. In addition, VTU Engineering has strategically expanded its portfolio with the acquisition of RED Engineering. The engineering company perfectly complements VTU Engineering for major projects in the pharmaceutical sector with many years of experience in plant design, 3D planning and construction management.

"The stable investment behaviour of the biotech industry and the increasing development towards integrated solutions are the key factors for the sustained success", says Friedrich Fröschl, Managing Director of the parent company VTU Group GmbH.
"Sustainable organic growth in our core markets and innovative digital solutions will remain our focus in 2020. In addition, we will further optimize project durations to ensure increased efficiency through the reduction of interfaces and administration," said Friedrich Fröschl, commenting on the targets for the next fiscal year.

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VTU Engineering reports revenue increase of over 20 percent

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