Despite the negative global impact of the coronavirus crisis, the fischer Group of Companies has reported it ended the 2020 financial year on a successful note with a gross turnover of €872 million, which was a similar level to 2019 (€887 million).
The fischer fixing systems company division once again contributed more than average to the good results, with a turnover close to that of the previous year. The company was disproportionately successful with significant growth in many of the 38 countries in which fischer is represented by a total of 50 subsidiaries. This also includes the German market. Several additional countries in Europe and Asia, including China, also ended the 2020 financial year on a positive note.
The fischer Automotive division also achieved a stable sales performance despite the many restrictions the automotive industry experienced due to the coronavirus crisis.
Investing in digitalisation
Despite significant cost savings, fischer made investments in key issues of the future such as digitalisation in 2020. These included digital services for tradespeople such as the fischer Professional App with its new installation protocol function and the Craftnote App. This is in addition to the useful Building Information Modelling (BIM) planning aids, and services, and the fischer Fixperience design software.
fischer is furthermore supporting the online sales of its trade partners with e-commerce solutions by providing comprehensive information and crucial everyday collaboration functions in its new myfischer partner portal. The fischer Academy also expanded its wide range of on-site training offers with online seminars for dealers, tradespeople, planners and structural engineers.
Will joined Fastener + Fixing Magazine in 2007 and over the last 12 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.