R&M adds to its strategy already defined at the beginning of this year to prepare for the end of the global crisis with anti-crisis measures, the incorporation of new investments in R&D and in administrative infrastructure as well as in logistics.
R&M's sales totaled 92.5 million Swiss francs (approximately 60.5 million euros) between January and June of this year – a 24% decrease compared to the same period last year and the first decline after almost a decade of strong growth. The primary reason for this decline has been the lack of new private sector investment caused by the challenging global economic situation, and the company anticipates this trend will continue at least for the remainder of 2009. However, this trend contrasts sharply with the current situation in the public sector, where new investments in fiber optic and FTTx infrastructure by local governments and operators have greatly benefited the company, which now has 30 offices worldwide. Notably, the Madrid office, which covers Spain and Portugal, has maintained its growth with an 18% increase in revenue compared to the same period in 2008.
Thanks to its healthy assets and independence from the fluctuations in the financial markets, the company is currently very well positioned to use this period of economic slowdown to optimize its internal processes and further invest in innovation. R&M, for example, has increased its investments in the fiber optics sector by 10% compared to the previous year, while construction of its new headquarters building in Wetzikon, Switzerland, which began in July 2008, is progressing as planned. Spanning approximately 16,000 square meters and commonly known as the “R&M Cube” due to its cubic shape, this new building will house the Production, Logistics, and R&D departments and will have a capacity of up to 500 workstations when it opens later this year. It will connect to a new high-bay warehouse with a capacity of 4,500 pallets, where R&M will also make a significant investment with the implementation of a new ERP solution to optimize the efficiency of its logistics processes.
However, despite all these new changes, R&M CEO Martin Reichle emphasizes the need to protect jobs and retain the quality of the company's human resources for the future. "We have decided to maintain our current number of employees despite the current difficult economic conditions, accepting, if necessary, the corresponding decrease in short-term financial benefits," he adds.