Leicht anticipates 4% decline in turnover for 2020

07.12.2020 − 

Leicht Küchen expects to generate turnover of approximately €143m over the entire period of 2020, with a total, meanwhile, of some 670 employees. Compared to the figure of €148m generated in 2018 as well as in 2019, this represents a decline of just under 4%. At the end of May, against the background of the deteriation caused at that time by the corona crisis, the company had still anticipated a turnover decline of 8%. This forecast has meanwhile been reduced by over half due to a significantly more positive development so far during the second half of the year. This improvement is due especially to the domestic market, which is expected to increase by more than 10% during the course of the entire year. It will, however, not be possible to offset the declines in export business, some of which were significant and were recorded mainly in the second quarter, by the end of the year.

The above figures were published on 27 October within the scope of the opening of factory 2 constructed at the Gügling industrial estate in Schwäbisch Gmünd.

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