Inflation

The macroeconomic consequences of skyrocketing inflation in recent years have been clearly visible. Vebego has been directly affected by the sharp rise in raw material and energy prices. Vebego employees have also felt the effects of inflation. The drastic increase in the cost of living is a heavy burden for many of our employees. Pressure on purchasing power can lead to increased stress and, therefore, a higher risk of absenteeism and long-term absence.

High inflation has also played a role in collective bargaining, and, given current trends in other industries, it is likely to continue doing so in the future. The effects of inflation are reflected in a significant increase in the price of cleaning services, which has put considerable pressure on price negotiations with customers. In many cases, it is not possible to pass on the full increase in labour costs. A sustainable profit margin is therefore one of the key pillars in our strategy for the coming years. We will continue to reap the benefits of operational synergies and economies of scale resulting from the restructuring we undertook over the past four years. The use of technology, data, innovation and new business models could also contribute to a more sustainable profit margin.

In all of these areas, the companies' management teams are working hard to mitigate the risks. Currently, the biggest impact they can make is by supporting and helping their own employees as much as possible. Attention to the causes of absenteeism and guidance for employees remain high on the agenda. Being in constant dialogue with customers has always been a natural part of Vebego's service provision.