Koehler Group publishes figures for 2020 financial year

Koehler Group’s business performance for the financial year 2020 was affected by the worldwide impact of the Covid-19 pandemic. Despite the difficult circumstances, the Group managed to perform relatively well in its market and maintained its competitive edge. In the 2020 financial year, Koehler Group’s revenue fell by 11.7% to EUR 769 million (approximately Rs 6,768 crore). The operating result of EUR 66 million (approximately Rs 580 crore) is significantly lower than the previous year’s figure and therefore significantly below target. Koehler employs almost 2,500 people worldwide. Total sales for German paper industry fall by 2.6% As a global company, Koehler is largely dependent on regional as well as global economic conditions. The global economic slump during 2020 represented the worst recession since the global economic crisis around 90 years ago. According to statistics from The German Pulp and Paper Association (Verband Deutscher Papierfabriken e.V.—VDP), total sales for the sector fell by 2.6% in 2020 compared to the previous year. Total production for the paper industry from January to December 2020 is 3.3% below the…

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