aquasystems financials2018

 

End of May, the accounts FY 2018 have been approved by our Shareholders. The financial year was closed with an excellent result.

We achieved a 13% increase in turnover on a consolidated basis. Geographically as well as in terms of customers and products, the distribution of the sales remained relatively stable compared to 2017.
Thanks to the efforts of a team of ca. 40 associates we reached the target for gross margin and operational expenses.

2018 was characterized by a complete rebranding of our corporate identity. This can be noticed in terms of logo, house style, website, newsletter etc..

The main commercial product remains our AQUA TURBO® surface aerator « AER-AS ». The other products from our product portfolio hold their level of business, even despite the competition which is very often strongly present locally in the various areas world-wide.
The operational profitability per product has also been improved or stabilized.

Developments of new products are in the pipeline and will gradually become available in 2019.

The HR focus was mainly on motivation and training of our employees, a trend that we want to continue in 2019 and the following years.
We spent 4 times more time on training than in the previous years. Good training of people is reflected in efficiency on the work floor.

Motivation can be obtained as well by focussing on the well-being at work.
This is done by involving associates in events such as internal and external meetings and exhibitions, offer of fitness subscriptions, fruit at work, etc.