Business figures 2020
Good result for ifm
Despite adverse circumstances, ifm only recorded a slight decline in sales in 2020. The company attributes the year-on-year increase in earnings to a diversified market and industry structure, among other things.
The automation specialist ifm recorded a decline in turnover of -3.5% compared to the record year 2019. The Essen-based company generated sales of EUR 960 million in the 2020 financial year. "The fact that our turnover only fell by around 1.4% compared to the previous year after adjusting for currency effects is due to the diversified market and industry structure of our sales on the one hand, but also to our stable supply chain, especially last year, which enabled us to supply our customers worldwide almost without interruption despite the enormous challenges posed by the pandemic," says Christoph von Rosenberg, CFO of the ifm Group, explaining the result. "Even though currency effects weakened our sales performance by 2%, we see our performance in the midst of a global recession as confirmation of our long-term growth strategy. A key success factor was once again the strong growth of our global customer base, which increased by 5.3% to 183,000."
Result increased
Compared to the previous year, the company was able to increase its earnings (EBIT) to 7.8% (2019: 5.6%). Rosenberg is also confident about the current year. Although the CFO points to uncertainties caused by the coronavirus pandemic and the progress of the vaccination, he believes the company is well equipped for the current year due to the high order load. He even expects to reach pre-crisis levels in 2021.
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