Despite the negative global impact of the coronavirus pandemic, the fischer Group of Companies ended the 2020 financial year on a successful note with a gross turnover of 872 million euro, only slightly below the figures of the previous year (887 million euro).
The fischer fixing systems company division also averaged a turnover similar to the previous year. The company was disproportionately successful with significant growth in many of the 38 countries in which it is represented by a total of 50 subsidiaries. This also includes the German market. Several additional countries in Europe and Asia, including China, also ended the 2020 financial year on a positive note.
The company's Automotive division also achieved a stable sales performance despite the many restrictions the automotive industry experienced due to the coronavirus crisis.
Additionally, the group continued its successful activities in the market in 2020 with its start-ups. Several of these young companies are housed in the new InnovationCampus, located next to the company headquarters in Tumlingen. The campus was launched in May 2020 and will continue to be rolled out across international sites in the current fiscal year. The startup activities will continue at a high level in 2021. Production will also commence in the new subsidiaries in 2021, with fischer fixing systems in Vietnam and fischer Automotive in Serbia.
Despite significant cost savings, the company made investments in key issues of the future such as digitalisation in 2020. These included digital services for tradespeople such as the fischer Professional app with its new installation protocol function and the Craftnote app, in addition to useful Building Information Modelling (BIM) planning aids and services and the fischer Fixperience design software. fischer is furthermore supporting the online sales of its trade partners with e-commerce solutions by providing comprehensive information and crucial everyday collaboration functions in its new myfischer partner portal. The Academy also expanded its wide range of on-site training offers with online seminars for dealers, tradespeople, planners and structural engineers.
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