System Lift continues expansion on back of record performance

By Patrick Hill12 August 2008

The shareholders of Systems Lift AG at their 2008 general meeting in Duesseldorf

The shareholders of Systems Lift AG at their 2008 general meeting in Duesseldorf

AVS System Lift AG, the German aerial platform rental co-operative, said it will expand membership and improve member services following record-high revenues in 2007. The group announced a dividend of €250 per share - equivalent to €5000 per member - at its annual meeting on 25 July in Dusseldorf.

System Lift, formed in 2003 and now with 60 members, added three new companies in 2007 and plans to add four this year. New services that it plans to offer include training on sales and customer service.

This year's dividend raises to €11500 the total dividends that a founder member will have received since joining. "It is certainly worthwhile financially to be a member of System Lift," said chairman of the board Leopold Mayrhofer. "Our goal is to obtain a maximum dividend. Success for us is to get better from year to year. "

System Lift said rebates from equipment manufacturers to members were approximately €300000 in the financial year. Members receive rebates in proportion to the amount they invest.

Meanwhile, the organisation revealed the results of its latest quality audits on members. The unannounced inspections revealed that all members reached the minimum standard and half were ‘above average' or ‘good'.

First place in the ranking was shared by Ferdinand Scheurer GmbH in Göppingen and Robert Böcker GmbH in Werne, with Schulz Arbeitsbühnen & Elektroanlagen GmbH in Rathenow in third. The ten highest-ranked firms received certificates at the annual meeting.

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