Thyssenkrupp Elevator slightly improved sales and profits despite the pandemic

Thyssenkrupp Elevator, the group that owns two production centers for escalators, moving walks and airport walkways in You see and an innovation center in Gijón, ended the last fiscal year – in which its separation from the homonymous German metallurgical multinational materialized – with stability in profits and turnover – in which there was little progress – despite the serious international economic crisis caused by the pandemic .

Thyssenkrupp Elevator, owned since August by a consortium led by investment funds Advent International y Cinven, which paid 17.2 billion to the multinational Thyssenkrupp for its most profitable business, recorded sales of 7.915 million euros in its fiscal year 2019-2020, ended on September 30. This business volume, although it represents a similar figure with respect to the 8,000 million income obtained in 2018-2019, represents an increase of 1% once sales have been adjusted for the effects of the exchange rates of the currencies in which it carries out its operations. operations. The company has clients in more than 100 countries.

The elevator and other means of mobility company did not specify the profit for the year, although it announced that it had “increased slightly” over the previous year, “mainly due to the positive development that the company has experienced in North America and China.” The previous year, the Thyssekrupp Elevator business area had declared an operating profit of 907 million euros.

Peter Walker, CEO of Thssenkrupp Elevator, said that the end of last year represents “a good start for the creation of value as an independent company.” “Now,” he added, “It is time to go further and strengthen our position in the market.”

The company has just strengthened its presence in the US with the full takeover of the company Braun Thyssenkrupp, a 50% shared alliance since 2005 with the local partner Braun Elevator, from Wisconsin, with sixty years of experience in the sector. Previously – at the beginning of 2020, still under the control of the German multinational Thyssenkrupp – the group had acquired, in its commitment to the North American market, the Canadian Winnipeg Elevator.

Last December, Thyssenkrupp Elevator announced the integration of its Max digital platform in all its new ascents and escalators to promote “safer and faster urban transport”.

With more than 50,000 professionals in more than a hundred countries, it has in Spain more than 2,700 workers, 70 delegations and factories in Baíña and La Pereda (Mieres), Móstoles (Madrid) and Andoain (Guipúzcoa), as well as a research, innovation and development center in Gijón.


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