
TODAY FOR TOMORROW
Corporate Report 2024
“Especially in uncertain times like these, we see just how important it is to offer reliability.”

TÜV Rheinland.
Precisely. Right.
As an independent testing and inspection services company, for more than 150 years TÜV Rheinland has stood for quality and safety in the fields of inspection, testing, innovation, certification and training in almost every area of the economy and life. Our service promise: What we do, we do precisely and we do it right.
TÜV Rheinland in figures
Based in some 50 countries, our experts test and inspect technical plants, equipment and products, support innovations in engineering and business, train people and certify management systems according to international standards.
Gold medal in EcoVadis assessment – among the top five percent

With 80 on a scale of 100 points, at the end of last year TÜV Rheinland earned Gold status from the world’s leading provider of sustainability ratings, EcoVadis. That exceeds its 2023 score by one point and places TÜV Rheinland among the top 5 percent of the companies evaluated. EcoVadis assesses the sustainability performance of companies in four domains: environment, labor rights and human rights, ethics and sustainable procurement. The rating is one of the most meaningful evaluations of corporate sustainability performance worldwide.
Our Business Streams
Cybersecurity
Business Assurance
TÜV Rheinland worldwide
Germany
Revenue€1,291.9 million
Greater China
Revenue€581.9 million
Asia Pacific
Revenue€147.4 million
IMEA
Revenue€202.5 million
Europe
Revenue€357.3 million
South America
Revenue€62.3 million
North America
Revenue€70.5 million
Responsible for our actions

UN Global Compact: United by shared values
As a signatory to the UN Global Compact, TÜV Rheinland is committed to the United Nations’ principles for a more sustainable economy.
IMEA: Lower emissions through intelligent lighting
With energy-efficient lighting and intelligent control systems, TÜV Rheinland has been able to sustainably lower energy consumption at locations in the IMEA region.

Philippines: Employees make communities greener
Dedicated employees of TÜV Rheinland initiated a tree-planting campaign in the Philippines.

Greater China: Action week promotes environmental awareness
With an Environment Week, employees in the Greater China region developed ideas for reducing greenhouse gases, protecting the environment and conserving resources.

TÜV Rheinland celebrates International Women’s Day worldwide
With an extensive global campaign to mark International Women’s Day, TÜV Rheinland employees developed ideas for eliminating barriers and challenging stereotypic attitudes.
Career
Our greatest asset resides in around 26,000 clever minds. It is from this tremendous wealth of experience that the people at TÜV Rheinland draw substance and inspiration for their worthwhile work. This enables us to pursue our goal without compromise: making the world a safer place. If you share that passion with us, you will find TÜV Rheinland to be an employer on whom you can rely and one who will support your personal and professional development.
Financial Report

Group revenue
In financial year 2024, the TÜV Rheinland Group successfully maintained its growth path and generated Group revenue (including changes in inventories) totaling €2,713.8 million; this represents a year-over-year increase of 11.2%. This exceeded the stated projection for 2024 of achieving an EBIT margin of around 5.0%. Viewed in adjusted terms – i.e. applying the projected exchange rates of financial year 2024 also to the previous year – Group revenue totaled €2,704.2 million, which corresponds to a rate of growth of 12.8%. The international regions generated more than half of the Group revenue, with 52.4% (previous year: 49.9%).

Operating result (EBIT)
In financial year 2024, the operating result (EBIT) totaled €214.8 million, which significantly exceeded (by €110.9 million) the previous year’s figure. After adjusting for special effects totaling €-10.6 million, EBIT stood at €225.4 million. The EBIT margin, which expresses EBIT in proportion to Group revenue, stood at 7.9% in financial year 2024; this was 3.7% higher than the previous year. This exceeded the target set for 2024 of achieving an EBIT margin between 6.5% and 7.0%. Taking the above-mentioned special items into account, the adjusted EBIT margin stood at 8.3% (previous year: 7.1%).

Cash flow
At €283.0 million, the positive cash flow from operating activities in financial year 2024 was 39.2% higher than the previous year’s figure. The change is mainly attributable to the improved consolidated net income. The consolidated net income of €132.6 million was offset by non-cash depreciation and amortization of €143.3 million (previous year: €145.4 million). The negative cash flow from investing activities decreased slightly by €12.8 million compared to the previous year. At €62.7 million, the negative cash flow from operating activities in financial year 2024 was nearly the same as the previous year.

Employees
As of the balance sheet date of December 31, 2024, TÜV Rheinland employed a total of 25,177 people (FTE) or 25,900 employees (headcount). On average, there were 23,920 full-time employees (full-time equivalents in FTE) during the financial year. In a year-over-year comparison, this represented an increase of 1,828 employees (FTE) or 8.3%. While 64.9% of the employees (FTE) at TÜV Rheinland were male, the share of women was 32.8%, with the remaining 2.3% of employees not reporting a gender.
Corporate Report 2024
Corporate Report 2024 to download.
The Corporate Report for financial year 2024 illustrates how TÜV Rheinland defines and lives the term “sustainability.” Together with the Sustainability Report, the Financial Report describes the business development of the company.
Corporate Report 2023 | To the interactive view | 4.64 MB | Download PDF |
Corporate Report 2022 | 4.30 MB | Download PDF | |
Corporate Report 2021 | 5.10 MB | Download PDF | |
Corporate Report 2020 | 3.40 MB | Download PDF | |
Corporate Reports 2019 - 2011 | 65.60 MB | Download ZIP |
Our Key Performance Indicators: Facts and figures at a glance
We want to help identify and manage the impacts that technological developments have on people and the environment. Our contributions are systematically recorded and documented. To measure our progress, we use key performance indicators (or KPIs for short) that have been formulated for all our material topics. The relevant KPIs are listed here.