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Denzel on the road to success
The Denzel Group, Austria's largest private automobile importer and multi-brand dealer, was able to increase its group sales revenue by 12 percent to almost 743 million euros.
Denzel on the road to success
With more than 1,000 employees at 14 locations, the Denzel Group sold over 41,000 vehicles in the last financial year and generated a new record profit before taxes of 17.4 million euros; in 2015 it was 14.4 million euros. Gregor Strassl, CEO of Wolfgang Denzel Holding AG: "The division into the three sub-areas automotive, financial services and real estate proves to be correct and risk-diversifying. All three have increased their operating result compared to the previous year."
The highlight at the beginning of 2017 was the acquisition of the traditional BMW company Zitta with its four locations in Vienna Oberlaa, Perchtoldsdorf, Wiener Neustadt and Bruckneudorf. In addition, Denzel further expanded his expertise in the area of dealer management systems by taking over Vector Software GmbH. Due to the two company acquisitions, the number of Denzel Group locations increased from 14 to 18, the number of employees increased by around 270 employees, and the sales volume increased by over 100 million euros.