Company Report
BLUM GROUP SEES €50M INCREASE IN TURNOVER 90
Blum Group has reported a 2.8% – or €50m – increase in turnover for the 2017/2018 financial year ending on 30th June 2018, which the company attributed to its “international market presence and great flexibility on the part of employees”. The group said it achieved 48% of its turnover – which reached €1.8bn – in the EU and 15% in the US, adding that most markets in western Europe saw an increase in turnover while “ongoing positive developments” were recorded in eastern Europe. Blum has also announced changes to its management. Managing directors Gerhard Blum, Philipp Blum and Martin Blum will jointly manage the company, supported by Blum International Consulting managing director Urs Bolter and finance head Gerhard Humpeler.
