TROX GROUP continues on its growth course

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date

30.06.2020

rubric

market

2019 was a successful year for TROX and the prospects for future development are promising in the medium term despite the current worldwide corona crisis.

In a challenging market environment with weaker growth in almost all important economies, numerous geopolitical conflicts and difficult general conditions, especially overseas, TROX was able to further expand its already good market position in the 2019 reporting year.

For the first time in the history of TROX, the TROX GROUP surpassed the €500 million mark in terms of sales - and with €533 million, it did so with equal clarity. The earnings targets set were also met, and in some cases even significantly exceeded.

High investments

2019 was also trend-setting for the TROX GROUP from a strategic point of view, as many important growth investments for the continued sustainable and profitable development of the company were realised or at least initiated. For example, today's TROX KS Filter and Dr. Ermer GmbH were acquired and a new production facility was opened in Mexico. In addition, decisions have been made for new plants in Norway, Egypt (in the form of a joint venture) and Morocco.

Confident despite corona pandemic

In the 2020 financial year, the corona pandemic has been the dominant topic so far. It has also burdened the worldwide activities of TROX, albeit with regional differences.

Udo Jung, Managing Director Sales, Technology and Production: "Due to the current situation, we see an increasing demand for "good air" worldwide, and not only in buildings in the health care sector. We therefore assume that the air conditioning and ventilation industry will continue to gain in importance in the future, also because science assumes that mechanically introduced fresh air significantly reduces the risk of infection with the novel corona virus. Filter technology will also be able to make an important contribution to combating the virus.

"It is not yet possible to reliably estimate how long and with what intensity the corona consequences will affect Germany and our global activities and what economic effects will be felt in the further course of the year," says Thomas Mosbacher, Managing Director Finance and Human Resources. "So far, we have avoided plant closures in our core markets and have thus been able to continue to serve our customers reliably.

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