GERMANY - Schattdecor, with 16 locations worldwide currently, was able to report a preliminary group-wide total turnover of 720 million euros in 2020 financial year.

In 2019 turnover was 764 million euros. The decline is due to the first phase of the global pandemic, during which operations at some locations had to be partially suspended for a longer period due to tightened restrictions. According to Roland Auer, CEO of Schattdecor AG, the race to catch up has already begun.

“We are very satisfied with the preliminary annual result. With a manageable minus compared to the previous year and sales of more than 700 million euros, we have achieved good numbers in terms of operating performance. COVID has led to a sustained boom in our industry. The decisive reason for this was that people had to stay home for many weeks, couldn't travel or go out. Instead, the expenses saved were often used to remodel or renovate their own four walls. The home has been given a new ranking, an even higher priority.” Auer commented.

In numbers, that means that Schattdecor has grown in finished surfaces. Whereas a result of 710 million square meters was reported in 2019, according to preliminary evaluations, around 740 million square meters of decor paper were reported in the finished segment, i.e. impregnated and lacquered paper, in 2020.

This provides one more reason for the surface specialist to invest money again in 2021 at its impregnation and lacquering plants around the world. In Poland and in Lexington, USA, investments are being made for each plant to receive a new lacquering line, and Brazil and Malaysia will each receive an additional impregnation channel. In Brazil, demand is even expected to be so great that, yet another channel is already on order.

CEO Roland Auer adds, “As a group, thanks to our international presence in all world markets, we remain capable of action and reaction even in dynamic times. That is why we will invest another 50 million euros in the expansion of locations and capacities in the coming year and continue to work on the development of new decors and products. As designers for living spaces, we want to remain the first port of call for customers!”