Business outside Germany accounted for 52.4% of total revenue. Internationally, TÜV Rheinland once again recorded its highest growth in India, the Middle East and Africa (IMEA) and Greater China regions. At the end of 2024, TÜV Rheinland had 25,900 employees worldwide, up from 23,335 in 2023, distributed across all continents, with 16,400 of these (63.3%) outside Germany.
“In spite of economic and political uncertainties in many regions of the world, TÜV Rheinland’s business has developed very successfully. In 2024, our employees once again helped significantly to make the world a safer place. We expanded our service offering, opened new laboratories and invested in the acquisition of companies,” said Dr-Ing Michael Fübi, CEO of TÜV Rheinland AG.
TÜV Rheinland’s operating result (EBIT) for the 2024 financial year was €214.8 million, up from €103.9 million in the previous year and exceeding €200 million for the first time. Without taking special effects into account, earnings (adjusted EBIT) amounted to €225.4 million. This represents a 23.3% increase year-over-year.
“TÜV Rheinland has acquired a total of 16 companies over the past two years. This has strengthened our market position. We are going to remain active in consolidating the global inspections business in the future,” added Fübi.
TÜV Rheinland invested €86.1 million in its own locations and technical equipment in 2024, including in large laboratories in Taicang and Shenzhen in China where the company’s specialists test innovative batteries, along with smart electrical and electronic products, photovoltaic modules and automotive electronics.
“We are paving the way for technological progress by making it safe. This can be seen not only in our laboratory investments but also in newly developed services for hydrogen generation and certification, for example, and in the area of Artificial Intelligence, or in how we accompany the automobile industry on its way to automated driving,” explained Fübi.
TÜV Rheinland has also made a successful start to 2025. In the first three months from January to March, the Group recorded revenue growth of around 14%.
“TÜV Rheinland is thus in a good and very solid position. We anticipate significant growth again in 2025 – for a world where today and tomorrow are always safe and sustainable,” added Fübi.