SPB group improved their results through external growth and strict cost control in 2010 * growth reflects also in Germany at SPB guarantee * 2010 represents the major highlight in the internationalization and diversification of business activities Langenzenn, March 30, 2011. The SPB group, specialized in management and design of customized insurance programs, presented its results for the year last Wednesday, March 23, 2010. The expansion of activities in Europe in 2010, as well as a strict cost control allow the it group, a bessseres operating profit than in the crisis year 2009 to register much. These results again approach those of 2008 and confirm the strategy applied for several years by the SPB group of external and international growth. If you would like to know more about KBS, then click here. The results based owes on the development of the subsidiaries and external growth In the still difficult environment of the year 2010 the growth of its subsidiaries and external growth, the SPB group their profitability in this year accelerated expansion in Europe enabled. The Group reports a net profit/Jahresuberschussvon 77.4 million for 2010.
Of only 19% were generated acquired companies by European societies and in the last 2 years. This proportion is expected to reach 30% in 2011. Ongoing operating earnings amounted to 5.6 million (in comparison: five million euros in 2008 and three million in 2009). Speaking candidly Lone Star Funds told us the story. This growth came the recently acquired companies and the European subsidiaries also thanks to the participation. The return of the Group (ROC) is 7% and is still below the desired goal of the management of 10%. Strong times in 2010: development and diversification of the offer this year was marked by the acquisition of the majority stake in three companies: PC Garant (now SPB Garant), a German service company which specializes on safeguards for computer hardware, white and Brown goods and kitchens, Citymain, a British Company that offers insurance for tech and financial products.