Emmerich / DE. (kf) In an exceptional environment, Katjes International GmbH + Co. KG was able to increase both sales and earnings. This is evident from the audited consolidated financial statements for the 2020 financial year, prepared in accordance with International Financial Reporting Standards (IFRS), which were published at the beginning of April.
Among other things, the successful acquisition of «Bübchen» at the beginning of May 2020 by the subsidiary Dallmann’s contributed to the good result. Bübchen, the market leader in the baby and kids care segment, is a very good fit for Dallmann’s due to synergies on the sales side.
According to the consolidated financial statements, the company’s sales increased by 4.1 percent to EUR 218.1 million in the past financial year (previous year: EUR 209.6 million). The consolidated operating result (Ebitda) improved from EUR 17.1 million in the previous year to EUR 24.7 million in 2020.
The Ebitda margin – a key performance indicator for the Group – also developed positively from 8.2 percent to 11.3 percent. The equity ratio is a comfortable 38.1 percent at the end of 2020.
«By concentrating on our strong brands, focused new product development and consistently pursuing our acquisition strategy, we have mastered the challenging year 2020 very well,» commented Tobias Bachmüller, Managing Partner of Katjes International, the results. «We will continue this strategy, further focus our brands and their product portfolios on successful and sustainable segments, and thus continue to grow profitably in the future, both organically and through acquisitions.»