Transguard Group reported its FY 19/20 consolidated financial results for the year ended 31 March 2020. In addition to exceeding its profit forecast by a record-breaking 25%, the business solutions provider reported a number of additional highlights for the year, including AED 1.5 billion in new business, the launch of its own catering company, a further expansion of service offerings and an impressive number of awards. Transguard Group ended the financial year with revenue of AED 2.55 billion.
“The result of four solid years of effort, we’ve made it a priority to embed operational efficiencies into everything we do, an approach that has consistently added to our bottom line,” said Greg Ward, Managing Director. “However, in late February it quickly became apparent that it would take more than past efficiency to see Transguard through the COVID-19 crisis.”
As the virus brought the world to a standstill, Transguard took immediate measures to ensure that the company continued to operate with strength and agility, including the decision to reduce headcount and working hours. “These were not choices that we made lightly,” said Ward. “However, we were also keenly aware of our obligation to continue strengthening the foundation of Transguard Group to ensure our continued ability to deploy our own ‘masked heroes’; that is, Transguard cleaners, security guards, delivery drivers, warehouse teams and more, all of whom have continued to work around the clock to do their part to support the nation, its businesses and its residents, to fight the spread of COVID-19.”
In March 2020, Transguard Group also announced a month of salary reductions for its management team, a gesture that contributed to subsidising the housing, catering and allowance provided by the company for its employees who can no longer work due to paused or cancelled contracts. In parallel, the company has also been actively upskilling and cross-training employees with the view to keep them actively engaged and empowered with new skills that they can potentially use in other divisions of Transguard.
“What the virus has ultimately revealed is our resilience,” Ward continued. “Our training continues to set industry standards, our capacity for innovation has led to the development of new products and our passionate team powers every success we enjoy.”
For the first time, Transguard designed and manufactured its own line of sanitising misting stations. These innovative products offer buildings, worksites and even motorways an additional safeguard against COVID-19. The three stations have raised considerable interest with existing and new clients, and the company is in the process of deploying an impressive array of stations across the country, including one of the UAE’s busiest airports.
“Offering a robust response to a global pandemic was not how we intended to finish this financial year,” Ward concludes. “But we quickly realised that we had the infrastructure in place to meet the unexpected challenges. I am proud of our progress and our people, and we are confident in our strength to tackle the challenges and opportunities of the future.”
