TÜVRHEINLAND® GROWS RAPIDLY AND SUCCESSFULLY Record Financial Result in the 135 Years of the Company’s History

May 19, 2007 (PRLEAP.COM) Business News
NEWTOWN, CT/May 2007 — With its dynamic and targeted growth, TÜVRheinland® achieved a strong upturn in revenues and considerably higher earnings in 2006. Year-on-year, the Group posted an improvement in all key business data.

In 2006, revenues increased by 13.3 percent to $1.2 billion. Within four years, revenues have risen by 40 percent. Earnings before tax rose 25 percent to $69 million in 2006. Despite high levels of investment, the Group profit margin increased to 5.7 percent.

“What is particularly pleasing is that the upturn has a primarily organic basis, i.e. growth was achieved not by acquiring companies, it is rather the result of higher demand for our services,” commented President and CEO Prof. Bruno O. Braun.

Last year, the number of employees worldwide increased by over 1,100 to 10,350. 800 jobs were created and 300 added as a result of acquisitions. This year, it is expected that an additional 1,200 jobs will be created internally, of which 300 in Germany.

According to the TÜVRheinland, growth and responsibility go hand in hand. They are two sides of the same coin. It is for this reason that the company has joined the Global Compact of the United Nations. The objective of this global network of companies and interest groups is to work in favor of human rights, labor standards, sustainability and environmental protection and against child labor and corruption.

For the current business year, President and CEO Prof. Bruno O. Braun is optimistic, “For 2007, we again expect double-digit revenues growth. The first months confirm this. I am expecting that we reach the $1.3 billion revenues threshold.”

About TÜVRheinland®
TÜVRheinland® is the world leader in independent testing and assessment services. The $1.2 billion-corporation is comprised of an international network of more than 10,000 employees at over 340 locations in 60 countries and serves most industry sectors and markets worldwide. TÜVRheinland is a member of the Global Compact of the United Nations, a global network of companies and interest groups. For more information, please visit www.us.tuv.com or call 1-TUV-RHEINLAND (1-888-743-4652).

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