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TA Triumph-Adler ends the 2020/2021 financial year with a positive result despite a decline in revenue

Nuremberg, 26 May 2021 TA Triumph-Adler GmbH will finish the 2020/2021 financial year, which ended on 31 March 2021, with a total turnover of €275.5 million. This represents a year-on-year decline of 9.1% for the company. The cause of the decline in sales is the global coronavirus pandemic. Despite this, the company was able to achieve a positive result for the eighth year in a row. The German market is proving to be very robust, with declines coming mainly from the export business and the subsidiary UTAX UK.

As expected, TA Triumph-Adler's business year did not escape the effects of the pandemic. By taking measures at an early stage, the company managed to limit the impact of the pandemic and keep the percentage decline in single figures. Thanks to a very strong fourth quarter, profits were once again significantly stronger than in the first half of the year and the return on sales was more than 4%. The most important market, Germany, was particularly robust. The upward trend seen from July onwards continued in the second half of the year. Total sales in both direct sales under the TA Triumph-Adler brand and through indirect distribution under the UTAX brand were up more than 95% on the previous year. 

The number of printing and copying systems installed at customers' premises (MIF/Machines in Field) was expanded again in the 2020/2021 business year and increased by almost 5%. After the slump in the spring caused by the coronavirus pandemic, print volumes also recovered significantly and were back at the previous year's level by the end of the financial year. One of the main reasons for this development was the company's project business, which it has been focusing on expanding for years, especially in the government and healthcare segments. Content Services (CS) and ICT also benefited from the acceleration of digitisation and generated positive momentum in the project business. 

The ramifications of the pandemic also affected the performance of the subsidiaries in Austria, the Czech Republic and Switzerland, which, like Germany, experienced slight declines in turnover. Fortunately, these countries were also able to report a positive result on balance.

The export markets and the UTAX UK subsidiary were particularly hard hit by the pandemic. This is where the company suffered the greatest decline in turnover. Although there was an upward trend from the second quarter onwards, it was not enough to compensate for the sharp decline at the beginning of the business year. Nevertheless, these business segments likewise ended the year in profit. 

Christopher Rheidt, Managing Director of TA Triumph-Adler GmbH, on the past financial year: “Given the difficult background conditions, this is a positive result. The last year has demanded a lot from the whole team at TA and I am very pleased that together we have managed to continue to work profitably despite coronavirus and to push ahead with important projects concurrently. This gives us the leeway for necessary investments in the new business year, such as for the planned creation of jobs across Germany in every business segment.” 

One such project involves relocating the company's operational headquarters from Norderstedt to Hamburg Alsterdorf at the beginning of the new financial year. The new facility offers excellent connections to Hamburg's infrastructure and economy. In an increasingly tight labour market, the company also expects that being based in Hamburg will make it more attractive as an employer. 

In the 2021/2022 financial year, TA Triumph-Adler will continue to focus intensively on expanding its growth areas. These remain the hardware, ICT and ECM business segments as well as realigning our service operations. This of course applies to both TA Triumph-Adler in direct sales and UTAX through indirect distribution. Two new managers were recently brought on board to strengthen this effort. Daniel Gleixner is responsible for the specialist trade business in the German market as Sales Director UTAX Germany. As General Manager Content Services & ICT, Christian Jendreczek has taken on the task of driving the ICT and ECM business forward even more. “Against this backdrop, we are very confident that we will be able to achieve the goals we have set ourselves for this financial year,” says Christopher Rheidt. 

About TA Triumph-Adler GmbH:

TA Triumph-Adler GmbH is a German company specialising in multifunction printers and digital office solutions. With a history spanning more than 120 years, the company is now one of the longest-established brands in the information technology and telecommunications (ICT) sector. TA Triumph-Adler develops and supplies holistic solutions that cover the entire document handling process. The services it offers include individual analysis and advice for business customers, implementing an IT-based document workflow and continuous process optimisation using its own asset and system management solution, TA Cockpit. 

In Germany, the TA Triumph-Adler Group is represented by a professional direct sales organisation with 31 branches. In Europe, TA Triumph-Adler has sales subsidiaries in Austria, Switzerland, the Czech Republic and the UK. The TA Triumph-Adler Group also supplies other distributors in more than 25 countries in EMEA with TA Triumph-Adler and UTAX brand products. Since October 2010, TA Triumph-Adler GmbH and its registered brand UTAX have been wholly owned by Kyocera Document Solutions Inc. based in Osaka, Japan. The company’s registered office is Nuremberg and its operational headquarters are in Hamburg.

Press contact

André Gensch
Manager Corporate Communications

Deelbögenkamp 4c
Haus 5
D-22297 Hamburg
Tel.: +49 40 52849-0