A total of 14,621 employees (2015: 14,475) worked for the industrial and property service provider in Germany and abroad as at 31 December 2016, corresponding to 10,187 FTEs1 (2015: 10,424). In Germany alone there were 12,180 employees as at the end of the reporting period. Based on the number of full-time equivalents, the number of employees declined slightly in the past financial year in line with performance in Germany, from 8,424 in 2015 to 8,300. The scheduled scaling back of the contract volume with the major client Deutsche Telekom was almost completely offset by a series of new contracts. For example, DFS Deutsche Flugsicherung GmbH commissioned STRABAG PFS to perform technical building management for its head office in the Airport Tower.
STRABAG PFS has had a good start to the current financial year. Among other things, it won a tender for a further major management contract with its existing client Telefónica Deutschland. Chairman of the Management Board Martin Schenk expects that the company’s performance will be at a similarly high level to 2016 in 2017.
Lettings remain high
With lettings totalling 280,000 m² (2015: 296,000 m²), or 477 leases throughout Germany, and property assets under management at a constant level of about € 20 billion in property management for institutional investors, the Real Estate Management division has remained stable at a high level. It is particularly encouraging that around three quarters of property management revenue (corresponding to assets of € 12.5 billion or 22 mandates in total for 19 clients overall) was generated from new and renewed contracts in the past financial year.
Specific applications for Real Estate Services 4.0 in the House of Innovation
For Martin Schenk, 2016 was a highly important year of consolidation for STRABAG PFS, but also one of reorientation in terms of a highly digital business model moving ahead: “We are working intensively on real estate services 4.0. We already depend on a high level of digitisation in our processes today, and use state-of-the-art communications technology in the performance of our services. But this alone is not enough for us. In our House of Innovation in Frankfurt, we have long been working on the property services of tomorrow. There we use specific applications, prototypes and pilots to show our customers how artificial intelligence (AI), robotic process automation (RPA), sensor technology, smart glasses and the Internet of Things (IoT) are being translated into real estate services 4.0.”