Transguard Group Hits Record Revenues of Dh2.3 Billion
Leading UAE-based business services provider, Transguard Group, today released its annual figures for the financial year ending 31st March 2018, revealing another record, with revenue, profit and headcount increasing across the board.
The figures, audited by PricewaterhouseCoopers, highlight Transguard Group’s strength in the market, generating revenue of more than AED2.3 billion (AED2,315,053,294) a 22% increase over the previous year and profit over AED 163 million (AED163,431,065) and a head count increased by 17% from 55,399 to 64,774.
“These are incredible results, particularly when the tough business conditions we’ve witnessed in the last 12–24 months are taken into consideration. The major contributing factor to our success has been our ability to retain key accounts while also winning some very important new contracts, 470 in total, valued at over AED1.3 billion,” said Dr. Abdulla Al Hashimi, CEO, Transguard Group.
“We have an in-depth understanding of our clients’ requirements which is a direct result of our customer-focused business strategy,” added Al Hashmi.
Transguard maintained its reputation as the market leader in cash management solutions, where it currently services more than 90 percent of the ATM network in the UAE, with the business unit reporting revenue growth of 9%. The growth has been attributed to innovation and technology as well as strategic partnerships with companies including Gunnebo, a leading global provider of retail cash management solutions, which led to the introduction of automated ‘smart’ cash deposit machines across the UAE, saving retailers and banks time and money while also creating efficiencies and a more secure working environment.
The company also signed a contract with Diebold Nixdorf, enabling Transguard to provide authorised maintenance services to the majority of financial institutions across the UAE, enhancing its capability in true end-to-end cash management.
Transguard’s security services operation continues to be the country’s largest, witnessing growth in personnel of 12%, from 6,891 to 7,781 in 2017/18. Transguard Security Services’ client base spans a wide range of industries, from schools and universities to airports and hotels. Growth was attributed to new contracts won in all its market sectors, while also retaining their existing customer base.
“Transguard offers the most extensive portfolio of security services in the UAE, from our “Transguard K9” Explosive Detection Dogs unit to our security systems integration and consultancy services, they all provide the perfect complement to our manned guarding capability,” said Greg Ward, Managing Director, Transguard Group.
“Combined with our focus on technology and innovation, which has involved the implementation of control room technology and the roll-out of its Guardtek ‘smart’ guarding technology, we offer our clients a turnkey solution which has contributed significantly to the business unit success,” added Ward.
Transguard’s manpower services saw revenue and headcount growth of 28% and 12% respectively, fuelled by an increase in construction and infrastructure activity in the UAE. Transguard’s professional staffing wing, Transguard Workforce Solutions, was also relaunched this year, offering new services for professionals including permanent and temporary recruitment, and payroll and PRO services for organisations.
Transguard’s integrated facility services (IFS) business unit continued its strong performance in 2017/2018 reporting revenue growth of 30%. A host of new mechanical, electrical and plumbing (MEP) contracts as part of the IFS projects division and several marquee retained contracts has contributed to its overall success.
“The IFS business has continued the growth trajectory witnessed last year and cemented its position as a leader in the FM sector in the UAE,” stated Ward.
Transguard has also launched a new AED 3.8 million, Centre of Excellence, located at Dubai Investment Park (DIP), which is tasked with training 100,000 Transguard staff by 2020 and it is currently proving 181 courses available.
“We’ve witnessed another solid all-round performance by Transguard this year which is down to the hard work and dedication of our 64,774 members of staff. Looking ahead to 2018/2019, delivering excellence in everything we do will be imperative to ensure we continue to meet our business goals,” said Ward
To download a copy of the Transguard Group 2017-18 Annual Report log on to: http://www.transguardgroup.com.
Transguard Group was established in 2001 and has diversified significantly, now leading in the fields of Cash Services, Security Services, Manpower Services and Integrated Facility Services. Transguard is the UAE’s most trusted business support and outsourcing provider and has a large, dynamic and culturally diverse workforce numbering in excess of 65,000 people.