Engel painted an optimistic picture for the current fiscal year at the press conference organised by the company ahead of its e-symposium 2021 event, on 21 June.
The Engel Group reported 1.1 billion euros in sales revenues for the fiscal year 20/21 - down 15% compared to the previous year, but, with an expected growth in the order of 20% for the current fiscal year, the company is well satisfied, said CSO Christoph Steger. “We have an order backlog not seen since 2018,” he added. “We still employ 6400 people at our locations and the demand for plastics remains strong and robust.”
With the outbreak of the Coronavirus pandemic last year, combined with an automotive industry that had already been subdued for the past two years, the outlook seemed bleak. In November, however, something changed, said Steger. Demand from the automotive industry picked up, due to the introduction of new drive technologies and solutions, making sustainable mobility the driver for transformation in this industry. Regardless of which alternative drive technology will prevail in the long term, the proportion of plastics in automobiles will continue to rise. Lightweight remains a key prerequisite for sustainable mobility and requires innovative injection moulding solutions.
“Carmakers needed time to adapt,” CEO Stefan Engleder pointed out. “Now everyone is launching new models, and all the OEMs are boosting their product lines.”
Sales in the packaging, electronics technical moulding and medical divisions were also on the rise, with 5G as a driver for the electronics business line, while for packaging, once again, this was clearly sustainability, Steger said.
Sustainability, he emphasised, is far more than a hype. “It is part of our identity,” he said.
The regional distribution of sales at the end of the 2020/2021 fiscal year clearly reflected the impact of the crisis. Europe contributed 45 percent of Group sales revenues, well below the previous year's share of 54 percent. The Americas accounted for 30 percent – compared to 25 percent the year before – and Asia for 23 percent, compared to 20 percent the year before.
"The Americas and Asia – and China in particular – were the first to see the economy pick up again, and strongly," noted Steger. "But meanwhile, Europe is also clearly back on track."