Swiss Krono Group closed the financial year on September 30, 2020 with a gross turnover of Euro 1.7 billion (CHF 1.82 billion), bringing the figure to just approx. 4% below the 2018/19 financial year’s Euro 1.8 billion.
In the flooring sector, the gross turnover of approx. Euro 715 million (CHF 768 million) was slightly more than the previous year’s level. Sales in the building materials (OSB) sector were still strong – gross turnover was 5% below the previous year at around Euro 518 million (CHF 557 million) due to pricing policy. The interiors sector was the most severely affected by the industry’s coronavirus-related shutdowns: a 13% decline in gross turnover compared to the previous year had to be accepted here. This brings the figure to Euro 391 million (CHF 421 million) for the past financial year.
Martin Brettenthaler, CEO and President of the Executive Committee, said: “The ongoing global pandemic situation is a major element of uncertainty that we simply cannot judge. Therefore, we are making plans for 2021 with the appropriate caution. Nevertheless, we as a Group are looking into the medium-term future with optimism: we are convinced that even in a difficult global economic situation, the demand for high-performance, CO2-neutral and, therefore, sustainable wood material will develop favourably for us.”
On this note, Swiss Krono Group has resumed the investment projects that were interrupted in spring to further prepare the company for the future. Investments of around Euro 180 million are planned for the 2020/21 financial year. The largest investment project is the launch of OSB production at the Russian site in Sharya.
Swiss Krono Group is one of the world’s leading manufacturers of wooden materials and stands for sustainable and innovative solutions in the home interiors, flooring, and building materials sectors.
