Sedus Stoll AG 2020 annual financial statements: Solid profit despite pandemic-related losses in sales

Tuesday, 01 June, 2021

DOGERN, GermanyJune 1, 2021 /PRNewswire/ — With a turnover of EUR 184.0 million, the Sedus Stoll Group faced a total drop in turnover of -12.4% in the first year of the pandemic. Despite all the difficult circumstances, the 2020 business year ended with a solid profit of EUR 2.54 million.

In the 2020 financial year, which was characterised by a series of highs and lows, the incoming orders dropped particularly sharply in the months of March and April. However, with the development of special furniture for the home office and aerosol protection walls to retrofit existing office furnishings, Sedus rapidly and flexibly responded to the new market requirements and was thus able to easily cushion further losses.

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