Hettich reports €1.1billion turnover in 2020 despite COVID

IndustryNews Mon 29th Mar 2021 by Emma Hedges

Hettich reports €1.1billion turnover in 2020 despite COVID

Hettich reports €1.1billion turnover in 2020 despite COVID

German manufacturer of furniture fittings Hettich has announced that it generated sales of around €1.1billion in 2020, in spite of the challenges presented by the pandemic, and more or less reaching the previous year's level.

While sales initially took a dip in the second quarter of 2020 in the wake of global lockdowns, the second six months were defined by the emergence of new trends such has greater DIY activity, and the enthusiasm for home improvements. 

The group says that 70% of business was done outside Germany, and that worldwide it invested €72million in new products, expanding capacity and developing infrastructure. Production facilities were expanded in Germany, the Czech Republic and China.

"Despite furlough, lockdowns in many countries and delayed impacts on supply chains – our primary aim was always to maintain deliveries to our customers in the manner to which they are accustomed," explained joint MD Sascha Gross, pictured left.

Joint MD Jana Schönfeld, right, added: "Tremendous dedication and commitment on the part of the global Hettich team stood us in great stead to ride out the volatile business environment we were seeing last year. We are so grateful to all colleagues and share a sense of pride in what we have achieved."

Tags: news, industry, hettich, sascha gross, jana schönfeld

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