Despite corona-related revenue weakness Masterflex Group remains significantly profitable in H1 2020
(WorldNews Germany)

Gelsenkirchen, 12 August 2020 - With a decline in revenues of 10.9% to EUR 37.4 million in the first half of 2020, the growth course of the Masterflex Group, which had lasted ten years, was temporarily interrupted due to Corona. Continued positive development in the Masterflex Group`s future markets such as medical and laboratory technology, life sciences and the food industry was unable to offset the fact that the effects of the COVID 19 pandemic and the challenging developments in the aviation, automotive and mechanical engineering industries led to an overall decline in revenues of 19.0% in Q2 2020. Dr. Andreas Bastin, CEO of Masterflex Group: `In our opinion, we saw the low point...