Sick with slight sales decline in 2020
Sensor manufacturer without short-time working in Corona year
After a significant decline in sales in the spring due to lockdowns in many countries and affected sectors, sales recovered in the second half of the year. Thanks in part to strict cost discipline, operating profit (EBIT) actually rose, namely by 5.8 percent to 140.6 million euros. The Ebit margin also increased, from 7.6 percent in 2019 to now 8.3 percent of sales.
According to preliminary figures from the German Engineering Federation (Verband Deutscher Maschinen- und Anlagenbau e.V. (VDMA)), the production value of the German mechanical engineering industry fell by 12 percent in 2020. Seen in this light, Sick can look back on a successful fiscal year. Accordingly, the number of employees also increased by 2.2 percent, to then 10,433.