The MORGENSTERN Group looks back on a successful 2024 financial year and continues its consistent growth course.
With preliminary total revenue of €46.1 million ($53.97 million), the company recorded an increase of 4.5% compared to the previous year (2023: €44.1 million ($51.63 million)). This growth was largely driven by increased demand for digital solutions and numerous successfully implemented projects in the area of Managed Print Services (MPS), the company explained.
“The increasing demand for digital solutions confirms our strategic focus on digitalisation. Our investments in innovative technologies and the continuous training of our employees are paying off,” explained Robin Morgenstern, CEO of the MORGENSTERN Group.
The expansion of its digitisation portfolio, in particular, had a noticeable impact on revenue growth. The integration of Microsoft 365 solutions and the development of customised apps enabled customers to structure their business processes more efficiently and flexibly. The launch of the new MORGENSTERN Campus, a new digital training and service platform for Microsoft 365, was also very well received by numerous customers and strengthened long-term customer loyalty.
“The development and expansion of digital services clearly pays off. They create new, scalable business models, increase our added value, and strengthen customer loyalty beyond traditional product life cycles,” explained Thomas Morgenstern, Chief Financial Officer of the MORGENSTERN Group.
The MORGENSTERN Group continues to place great emphasis on sustainability and the development of its employees. In 2024, 16 new apprentices began their careers with the company. In addition, measures have been taken to further reduce the company’s carbon footprint, including the increased use of energy-efficient technologies and the consistent electrification of its vehicle fleet.
MORGENSTERN AG also invested in a new ERP system to optimise internal processes and further improve service quality. Erhard Wezel, Member of the Executive Board for Technical Service and Materials Management at the MORGENSTERN Group, commented: “We used the past fiscal year to leverage further optimisation potential and thus be able to respond more quickly and flexibly to customer needs.”
For the 2025 fiscal year, the MORGENSTERN Group plans to continue growing and expand its digitalisation strategy. The focus is on developing new digital services that are closely tailored to the needs of medium-sized customers. At the same time, the offerings surrounding the MORGENSTERN Campus, a central platform for digital continuing education and user training, will be expanded.
“With a clear customer focus, a diverse portfolio and a strong team, we are optimally positioned to further expand our role as a leading solution provider in the area of documents and processes,” concluded Robin Morgenstern, CEO of the MORGENSTERN Group.
