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Doppelmayr/Garaventa achieves revenue growth of 5.7%

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Mountain Technology,

The Doppelmayr/Garaventa Group has released its financial results for the financial year 2017 – 2018. Sales revenues increased by 5.7% when compared to the previous year to €846 million, with the company citing large investments from clients in the winter tourism sector as a key factor.

Two-thirds of all ropeways built worldwide by the company during the year were realised in the winter segment; clients from Austria, Germany, Switzerland, France and Italy contributed to over 40% of the total sales revenue.

The Stoosbahn in Switzerland

Some key winter tourism projects included the completion of the world’s steepest funicular railway in Stoos, Switzerland and an aerial tramway on the Zugspitze in Germany that holds the world-record for the greatest overall vertical rise (1945 m).

In Asia, Doppelmayr/Garaventa was awarded contracts for the construction of nine ropeways for the Beijing Winter Olympics in 2022. Michael Doppelmayr, CEO, commented: “Asia shows a very positive development for us at the moment. There is tremendous potential for ropeways in all fields of application."

The Zugspitze aerial tramway in Germany

Looking ahead, Doppelmayr said: "We expect a stable business in Central Europe. We anticipate growth in Asia and South America. We consistently pursue the path we have taken to consolidate our service network."

Image credit: Doppelmayr/Garaventa

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