IN FOCUS

KSB, the Frankenthal-based manufacturer of pumps and valves, is satisfied with the 2020 financial year, even though order intake, sales revenue and earnings were down on the strong prior year due to the repercussions of the coronavirus pandemic.

After having been significantly impacted by COVID-19 during the first half of 2020, Grundfos returned to stronger sales traction in the second half of 2020 with sales only 1.0 percent below 2019.

International technology group ANDRITZ saw solid business development in the 2020 business year in spite of the global economic crisis triggered by the Covid-19 pandemic.

In 2020, GEA further strengthened its operational results and its financial and net asset position in a highly challenging economic environment. Despite the Covid-19 pandemic, both order intake (EUR 4,703 million) and revenue (EUR 4,635 million) declined only slightly.

Contrary to the general market trend, Seepex GmbH in Bottrop was able to record a positive development in its business despite 2020 being the year of the pandemic. Both order intake and earnings increased compared to the 2019 financial year.

Vogelsang GmbH & Co. KG grew its revenue in 2020 by approximately 7 percent to 134 million euros. The mechanical engineering firm managed to increase its revenue in Germany and abroad in spite of the tougher market environment caused by the COVID-19 pandemic.

Endress+Hauser has weathered the crisis year 2020 in good shape. However, the Group’s consolidated sales fell – strongly influenced by exchange rate effects – by almost 3 percent to just under 2.6 billion euros. Even a strong laboratory business could only partially offset the shortfalls in process automation, which was hit harder by the effects of the coronavirus pandemic.

he contracting automotive market and the global downturn triggered by the coronavirus pandemic have also impacted the Kistler Group, which earns over 70 percent of its income from automobile manufacturers and suppliers to the automotive industry who have been hit particularly hard.

Parker Hannifin Corporation reported results for the fiscal 2021 second quarter ended December 31, 2020. Fiscal 2021 second quarter sales were $3.41 billion, compared with $3.50 billion in the prior year quarter.

Xylem Inc. reported fourth quarter revenue of $1.37 billion, and full-year2020 revenue of $4.88 billion, exceeding expectations on strengthening end-market performance, despite COVID-19 related impacts.