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    WiN - woodworking INTERNATIONAL

    is the international magazine for the woodworking industry.

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    Blum GmbH

    Blum achieves steady performance despite COVID-19

    Thanks to a good start to the 2019/2020 business year, fittings manufacturer Blum from Vorarlberg, Austria records 1,906.92 million euros in group turnover at year-end. This is broadly the same as the previous year’s level and amounts to an increase of 14.9 million or +0.8%. The family-owned business benefits from its commitment to internationalism and remains a trusted partner to its customers despite the difficult global economic conditions.

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    Blum has posted 1,906.92 million euros in turnover for the 2019/2020 financial year ended 30 June 2020. This is a slight increase of 14.9 million euros or +0.8% over the previous year. Although the business year got off to a good start, the coronavirus wreaked havoc on international markets from April and also led to substantial decreases in turnover for Blum. However, the fittings manufacturer was able to provide reliable services to its customers in more than 120 countries throughout the crisis. Blum has continued to grow and develop its international operations and now has 32 subsidiaries and representative offices worldwide. Blum achieves 97% of its turnover from exports. 44% is generated in the EU area and 15% in the USA.

     

    www.blum.com

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