Corona has left behind a trail of social but also economic desaster over the last few months. In March of this year the virus also reached the Umdasch Group.
The way in which humankind has managed the economy in past decades presents us with enormous challenges today. In many cases and for understandable reasons, sustainability has been subordinated to growth. We must therefore now dedicate more attention and greater efforts towards the protection of the Earth and its resources, with the aim of ensuring that future generations can live as well as they do today, or in many regions of the world considerably better.
Umdasch Group shows 2018 another successful year - in a new and innovative kind of report
The “Call for Ideas” for this year’s Josef Umdasch Research Prize registered 157 submissions from 63 countries. Of these, five finalists qualified for the pitch presentations which were held on Wednesday, March 13, within the framework of the World Summit Awards Congress (WSA) in Portugal.
We are looking for smart ideas and innovative approaches to solutions for the “Future Workplace”
Festive award ceremony for the Josef Umdasch Research Prize
Until 30 November 2017 start-ups will have the opportunity to submit their high-tech ideas for the Josef Umdasch Research Prize 2018. We are searching innovative solutions to concrete tasks within the subsidiary companies of Umdasch – Doka Group, Doka Ventures and Umdasch Shopfitting Group. Winners can look forward to direct contracts for the implementation of their ideas.
The Amstetten-based, 100% family-owned Umdasch Group grew its business last year for the sixth time in succession. The increases are partly due to healthy market developments, but they are also the result of a growth strategy oriented toward acquisitions and stakes in other companies. Revenues of EUR 1.28 billion put Group growth at +5.1 % over the previous year. Earnings before taxes were EUR 92 million, up 26 % from EUR 73 million in 2015. The equity ratio went up as well, reaching a historic high of 58.6 %. Cash flow from operating activities is a key performance indicator for production-intensive businesses. It was improved by more than 50 % to EUR 101 million (2015: EUR 64 million) – testimony to excellent working-capital management. The number of employees increased by more than 300 to a total of 7,641. These increases were both domestic and international.
Doka Ventures, a subsidiary of Austria's Umdasch Group, is joining forces with inventor of deployable 3D construction printing Behrokh Khoshnevis. His company will start delivering the first series-ready robotic 3D construction printers early next year. These robots reduce the time it takes to construct buildings to mere hours or days. This will help meet the rising global demand for socially acceptable accommodation and infrastructure. The company is already generating revenue by offering technology and solutions to major entities such as NASA.
The Umdasch Group is proud of winning a very special prize: the TRIGOS Lower Austria Award. The Group has won this prestigious honour for its dedicated social and ecological commitment.
The Umdasch Group AG is a concern which is 100% family-owned and which has its headquarters in Amstetten. During 2015 it grew significantly once more and was thus able to demonstrate the success of its growth strategy for the fifth time in succession.
Starting immediately students are invited to submit Master's Theses for the Josef Umdasch Research Prize and begin working on path-breaking topics. The call goes out to innovative minds that enjoy combining science and practical application.
The Umdasch Group is setting up an in-house childcare facility for babies of company employees. The new building is under way next to the headquarters and once completed will offer space for 15 kids. Up to four teachers from the Lower Austrian Charitable Organization [Niederösterreichisches Hilfswerk] will take care of children still too young to attend nursery school.