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2020 financial statements: visible results under restructuring with significantly improved Recurring

-21% [1] Other sales, which were still reported in the previous year, are no longer shown and are now allocated to the individual regions. A look at the development of sales in the individual regions shows that, with the exception of the USA, all of aap s main markets were affected by the COVID-19 pandemic in financial year 2020. Accordingly, the Company recorded a significant year-on-year decline in sales both in Germany (-21%) and in its international business (excluding the USA; -39%). The pandemic-related impairments were particularly noticeable regarding the international business, which is very important for aap (excluding the USA; around 58% of total sales in financial year 2019 with the largest customers from Spain, South Africa, Brazil and Mexico).

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