Negative turnover development due to the economic effects by the Corona pandemic
The CHT Group completed the fiscal year of 2020 with a decline in turnover caused by the Covid-19 pandemic. In 2020, all companies of the chemical industry were equally affected by turnover losses caused by the pandemic. By the end of 2020, the group turnover amounted to 501 million EUR, which was 5.8% below the turnover of the previous year.
Turnover by region
In 2020, the turnover of the largest sales region Europa and Africa (53% of total turnover) declined by 15 million EUR compared to the previous year. The regions Middle East & North Africa recorded the highest drops in turnover with declines of 9 and 8 million EUR. Western Europe was able to counteract with an increase in turnover of 5 million EUR. The sales region Asia & Australia was able to hold steady and only had to accept a decline of 1 million EUR, which corresponds to a decrease of less than 1% compared to the previous year.
Turnover by Business Field (BF)
With a loss of 56 million EUR, the Business Field Textile, which generates the highest sales, suffered the company’s heaviest losses. This corresponds to a 15% decline in turnovers compared to the previous year. The BF’s turnovers for 2020 were thus 316 million EUR.
The Business Field General Industries generated turnovers of 112 million EUR in 2020, down 6% on the previous year.
At 21 million EUR, turnovers in the BF Washing Solutions were down 3 million EUR, or 12.5%, on the previous year.
The BF Construction & Assembly ended 2020 with a 188% increase in turnovers compared to the previous year. Total turnovers thus amounted to 52 million EUR. The acquisition of keim additec surface GmbH, which was fully recognized in the balance sheet for the first time in 2020, accounted for a large part of the turnover gain of 34 million EUR.
Negative turnover development due to the Corona pandemic