Transguard reports record-breaking financial year
The FM company generated revenue in excess of $280m (AED1.03bn) during 2015, a 34% increase over the previous year
Transguard Group achieved two record-breaking milestones for the 2014-2015 financial year, according to their latest annual report.
The FM company generated revenue in excess of $280mn (AED 1.03bn), a 34% increase over the previous year, as well as profits of over $29mn (AED 106.59mn).
Additionally, the group also surpassed 30,000 employees for the first time in its history.
Commenting on the achievements, Dr. Abdulla Al Hashimi, CEO, Transguard Group, shared: “The financial year 2014/2015 has been a record year for us and these results have been achieved by significant growth and development across all of our business units.”
Over the past year, Transguard has secured strategic partnerships with NCR, a supplier of automated teller machines (ATM), and Gunnebo, a security specialist firm. Through these partnerships, the FM provider now handles more than 80% of the UAE’s ATM market and over 60% of cash-in-transit services.
Furthermore, the group’s manpower and outsources services business recorded revenue growth of over 90%. The FM team and Transguard’s hospitality business achieved healthy growth of 40% and 17% respectively over the last year.
Lastly, Transguard Security Services introduced several new service lines. These included car park management, security consultancy and risk management services. The security arm, which numbers over 5,000 personnel, also made headlines following the deployment of an explosive trace detection (ETD) screening system at Dubai International Airport.
“The services we provide to Emirates Group remain a major part of our business. Over the last year we have seen our business grow by more than 20% with over 6,000 personnel now deployed at Dubai International and Dubai World Central airports,” added Dr. Al Hashimi.
Commenting on the 2016 strategy, John Nolan, Managing Director, Transguard Group, shared: “In the coming year we forecast sustained healthy growth across all of our established markets, supported by substantial growth in Abu Dhabi and the introduction of a number of new business lines.”