Phoenix Mecano financial year 2020: Sales and cash flow maintained – Double-digit sales growth in Mechanical Components – Result impacted by one-off items – Upturn in incoming orders at end of year

Media release on financial year 2020 and Q1 2021
Phoenix Mecano financial year 2020: Group sales and cash flow maintained - Double-digit sales growth in Mechanical Components - Result impacted by one-off items - Upturn in incoming orders at end of year
Q1 2021: Double-digit growth in sales and incoming orders - Disproportionate increase in operating result - Challenges in logistics chains and rising raw material prices
Kloten/Stein am Rhein, 21 April 2021. The Phoenix Mecano Group's consolidated gross sales increased by 1.1% in 2020, from EUR 680.0 million to EUR 687.4 million. In organic, local-currency terms, they were up by 0.6%. While the COVID-19 crisis hit sales in the Enclosures and ELCOM/EMS divisions, the Mechanical Components division achieved double-digit sales growth.

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