Phoenix Mecano Group`s provisional accounts for 2019
(WorldNews Switzerland)

Kloten/Stein am Rhein, 18 February 2020. The Phoenix Mecano Group`s provisional consolidated gross sales increased from EUR650.8 million to EUR680.0 million (up 4.5%). Organically and in local currencies, gross sales fell by 2.2%. Unaudited net sales grew from EUR645.0 million to EUR674.0 million (up 4.5%). Incoming orders rose from EUR659.4 million to EUR691.6 million (up 4.9%). Sales and incoming orders saw a double-digit increase in the fourth quarter. The Mechanical Components division achieved the strongest growth, in drive and fittings technology for comfort furniture in the Americas and Asia (DewertOkin). The Enclosures and ELCOM/EMS divisions also expanded their sales in the fourth quarter. The...