Philoro
| Company type | Private |
|---|---|
| Industry | Precious metals trading and production |
| Founded | 2011 |
| Founder | Rudolf Brenner, René Brückler |
| Headquarters | Vienna , Austria |
Area served | Austria, Germany, Switzerland, Liechtenstein, Hong Kong, New York City |
Key people | Rudolf Brenner, René Brückler |
| Products | Precious metal bars, coins, numismatic coins, precious metal investment solutions, storage services |
| Revenue | €1.535 billion (2022) |
Number of employees | 230 (2023) |
| Website | philoro |
philoro (presented as philoro) operates as an autonomous trading and production enterprise specializing in precious metal commodities, established in 2011 with its main office located in Vienna.
History
The inception of philoro occurred in March 2011, initiated by Rudolf Brenner (born 1976) from Leipzig alongside René Brückler (born 1976), a native Viennese.[1]
By 2013, the company had broadened its presence by opening additional branches in both Salzburg and Leipzig.[2]
In the year 2019, Constantia Unternehmensbeteiligungen increased its involvement by acquiring a 40% share through a capital raise.[1] Subsequently, in May 2022, philoro commenced the development of a precious metal recycling plant along with a high-security vault situated in Korneuburg, Lower Austria, committing approximately €60 million to these projects.[3][4] [5] The official launch of the philoro Gold Factory took place in December 2023,[6] marking the start of in-house production of precious metal bars, a process formerly outsourced to the Swiss company Valcambi.
In March 2023, the firm introduced the 31.103-gram Phygital Asset Coin named Crypto Vreneli, which incorporates an NFC chip and functions simultaneously as a gold vreneli coin and an NFT.Cite error: The opening <ref> tag is malformed or has a bad name Cite error: The opening <ref> tag is malformed or has a bad name From October 2023 onward, philoro collaborated with Swiss Post to expand its service offerings beyond physical outlets. This partnership enables Swiss clients to acquire precious metals, engage in subscription-based investments, or bring old gold items for appraisal at postal branches.Cite error: The opening <ref> tag is malformed or has a bad name Cite error: The opening <ref> tag is malformed or has a bad name
Company structure
philoro functions as a trading firm specializing in gold and other precious metals, while also manufacturing its own products. The company employs approximately 230 staff members and reported revenues of €1.535 billion in 2022. Its headquarters are located in Vienna's Alsergrund district, with leadership provided by partners Rudolf Brenner and René Brückler.
The business maintains more than 17 sites throughout the German-speaking countries, including Austria, Germany, Switzerland, and Liechtenstein, along with additional offices in Hong Kong and New York City. Furthermore, philoro offers an online retail platform.
On 29 December 2023, Kultas Beteiligungs GmbH acquired a 55% stake in philoro Holding GmbH. The ownership of Kultas is predominantly held by Brückler Verwaltungs GmbH (28.33%) and Rudolf Brenner Holding GmbH (54.22%). Invest Unternehmensbeteiligungs Aktiengesellschaft (Invest AG), recognized as Austria's largest private equity fund based in Linz, secured a 10.9% interest in Kultas Beteiligungs GmbH and possesses co-determination rights regarding philoro Holding GmbH and its subsidiaries.
Products and services
philoro provides a comprehensive range of precious metal investment solutions such as acquisition, sale, secure storage, and tailored consultation services. Its offerings encompass investment-grade bars and coins suitable for both investors and collectors, alongside storage options including accounts, safes, and precious metal savings plans. Collectible numismatic coins are also part of the product lineup. The bars supplied originate from LBMA-certified producers, guaranteeing enhanced resale potential. Serving both banking institutions and individual clients, philoro acts as a full-service provider and promotes green gold sourced from ethically responsible supply chains free from child labor and significant environmental harm.
Since 2023, the company has operated the philoro Goldwerk production facility located in Korneuburg. This plant focuses on recycling precious metals to minimize environmental impact, with an anticipated annual output of up to 120 tonnes of gold and 140 tonnes of silver.
References
- ↑ 1.0 1.1 Cite error: Invalid
<ref>tag; no text was provided for refs named:0 - ↑ Nikolaus Jilch: "Nachfrage nach Münzen und Barren zieht wieder an". Die Presse. 2013-04-16.
- ↑ "Neue Goldproduktion und Hochsicherheitslager". Neues Volksblatt. 2020-10-09.
- ↑ Cite error: Invalid
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