Phoenix Mecano Management AG Key word Preliminary Results A more focused and profitable Phoenix Mecano 15Feb2024 0700 CETCEST Release of an ad hoc announcement pursuant to Art 53 LR The issuer is sol
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.