SVTI with better business situation
The Swiss Association for Technical Inspections recorded a better business situation in all work areas in the 2017 financial year than in the previous year. The boiler inspectorate and the nuclear inspectorate were particularly well utilized.
Around 220 members attended the 149th Association Meeting on June 21, 2018 in Olten. The second half of the year of the SVTI Group was marked by the intended merger of the three subsidiaries: Under the motto "One Company - One Brand", Swiss TS Technical Services AG, IWT Institut für Werkstofftechnologie AG and Swissi AG merged to form Swiss Safety Center AG on January 1, 2018.
In addition to its diverse day-to-day business, the SVTI Group continued to develop its projects on the topics of Industry 4.0, functional safety and, more generally, in connection with increasing digitalization during the year under review, the company writes. The exchange of experience with other organizations, such as the German-based Verband der Technischen Überwachungsvereine (VdTÜV) and research institutions such as the University of Applied Sciences in St. Gallen, is particularly valuable. In addition to its range of services, the SVTI Group is also constantly expanding its comprehensive training and continuing education program.
Unexpected difficulties encountered by the façade construction company led to delays in the construction of the SVTI Group's extension in Wallisellen. However, it now appears that the extension building can be put into operation during the coming turn of the year.
Solid operating results
For the 2017 financial year, SVTI reported an operating result of 880,100 Swiss francs (Previous year869 492 Swiss francs). Non-operating income, which relates to the business property in Wallisellen, was also positive at 102,176 Swiss francs. The consolidated annual result thus amounts to 307 468 Swiss francs (previous year: 287 261 Swiss francs). The consolidated financial statements of the SVTI Group (including the associated company SVTI Services Ltd. and its subsidiaries) show a consolidated activity volume of 44.46 million Swiss francs. The consolidated operating result of the Group was 1.72 million Swiss francs (previous year: 1.15 million Swiss francs).
Outlook
The SVTI Group is looking forward with confidence to its 150th year as an association. The aim is to further strengthen its role as the nation's safety conscience and its presence as a center of competence for technical safety and risk management.
At the beginning of 2019, Raffael Schubiger will assume the role of Director and Chairman of the Executive Board of the SVTI in addition to his role as CEO of Swiss Safety Center AG. His predecessor, Herbert Egolf, will continue to support the SVTI in a reduced capacity, the media release concludes.
