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Throughout the 2005 business year BOGE not only held out in rather difficult market conditions but was able to successfully make new
inroads. Nevertheless, the unabated sales growth fell below expectations due to poor demand in Germany where the climate for investment appears somewhat hesitant.
Supported by above average growth abroad, the 2005 sales figures reached € 80 million
(€ 78 million in 2004) a new Company record approaching its centenary year. Sales have now grown by
one third in the past five years. Profit has not kept pace but can still be described as “sufficiently fair”. The equity ratio is more than 40 percent.
Staff numbers remained stable through 2005
having increased by a quarter in the past five years. There is now 500 staff worldwide; 425 based in Germany of which 375 work in the Bielefeld headquarters!
Approximately 8 percent of the German
based team is engaged in the development and construction of new products. This has meant that some 60 percent of new machine sales can be attributed to innovative equipment that has been launched in the
past three years.
The Export share of the business rose to 58 percent in 2005 (55 percent in 2004) with 70% targeted by 2010. The United Kingdom and China are the largest foreign markets. The
Shanghai business now incorporates a BOGE screw compressor production facility that commenced operating in 2004.
BOGE is active in more than 80 countries worldwide. At present, about 50 percent of the
total foreign trade is within Europe. Future development is focused on China, India and the United States, of which the latter, is still the biggest compressed air market in the world.
As a
manufacturer of long-life capital equipment the after sales field support with product related services and replacement part sales plays an increasingly important role. With clearly defined strategies,
this sector of the business accounts for a solid 30 percent of the turnover.
BOGE practices an ‘organic’, target orientated, growth strategy; “We intend to pursue our global growth ambitions and
continue to invest in the necessary structures”, Bielefeld explains. The expediency of this philosophy was confirmed last year by the nomination for the award of the German Internet Prize of the Federal
Ministry of Economy.
Throughout the 2005 business year measures were taken to improve and develop BOGE’s competitiveness without compromising the top-to-bottom quality ethic. As a premium supplier
to the compressor market, BOGE prefers to stick to its motto “Better instead of cheaper!”
The most recent 2005 customer satisfaction analysis demonstrated that the on-going conviction of BOGE
customers remains over 80 percent loyal.
BOGE is determined to follow the path of efficient growth without loss of control. The International players (affiliated companies) will become more
closely connected to the Bielefeld, Germany based parent company. A forward looking concept will ensure an overall integration within the meaning of a medium sized family enterprise and further tighten
the cohesion and resolve of the worldwide team. “We invest a great deal in creating a corporate blueprint that underwrites a common determination to succeed” emphasizes Wolf D. Meier-Scheuven (46), “It
is our objective to adhere to our expansionary policy – despite increasing international competition, enormous pricing pressure, and continually growing costs. As our Chinese colleagues say “If you want
to rise high you have to do it against the wind!”
System Solutions in more than 80 Countries
BOGE KOMPRESSOREN
designs, develops, manufactures, distributes and services compressed air supply systems of a wide range of customers, from the small contractor to the large industrial or construction and engineering
company. This medium sized group of companies from Bielefeld, Germany, employs 500 people, has five affiliated companies in Germany and nine foreign based affiliated companies.
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