08.04.2021

Medical Equipment supports Schurter

 

Lucerne - The Schurter Group recorded a decline in sales for 2020 as a result of the pandemic. However, sales in the Medical Equipment segment rose year on year. Profit after tax was also able to be increased versus 2019 after cost-saving measures.

 

The Schurter Group, a Lucerne-based company specializing in the development and production of electric and electronic components, has announced in a press release that it generated total sales of 259.35 million Swiss francs in the 2020 financial year. Compared with the previous year, this corresponds to a fall of 3.0 percent. The globally active group attributes this development to the effects of the pandemic and the strong Swiss franc.

 

The Schurter Group 2020 recorded decreases in the business areas of Solutions and Components. In contrast, sales in the Medical Equipment segment were significantly higher than the previous year. Sales increased year on year versus 2019 in the business area of Input Systems as well. In regional terms, the group was able to increase sales in Germany, Asia, and the USA. In contrast, sales fell in the market regions of Switzerland, the south, east and north of Europe, and India and western Asia.

 

Schurter further states in the press release that it started cost-saving programs in the reporting year and that the organization of all group companies was adjusted. This was able to increase profits versus the previous year. Schurter saw concrete profit after tax of 9.44 million Swiss francs in 2020. This figure was 6.60 million Swiss francs the prior year. The group aims to expand its market presence in Europe, Asia, and America in the ongoing year.


Schurter Group - Press release



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