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Schattdecor boosted revenues by 5% to €780m

04.03.2020 − 

According to preliminary figures published at the beginning of February, Schattdecor generated group revenues of roughly €780m in the 2019 financial year, surpassing the previous year’s level of €742.4m by a good 5%. A slump in decor printing volumes was more than erased by growth in other areas, the first-time consolidation of US Coating at the end of 2018 and Vasatech in the first quarter of 2019 along with the mid-May start-up of a new printing site in Quzhou in China’s Zhejiang Province.

Schattdecor had even briefly thought that raising revenues to about €800m for 2019 was possible after experiencing a weak start in the first quarter, which led the company to file for short work at its Thansau headquarters in February, but then a recovery starting in the second quarter. However, the firm was ultimately unable to reach this goal after all due to a slowdown in some segments, including at the decor paper joint venture Kingdecor towards the end of the year.

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