manroland Goss targets packaging for 2021
In the financial year 2020, the manroland Goss Group generated sales of EUR 220 million and positive earnings before interest and taxes (EBIT) of EUR 3.2 million (1.4%). Net debt improved by EUR 7.5 million compared to the previous year. A significant increase in incoming orders, especially for new web offset presses, and a further stabilization of profitability are forecasted for 2021.
In 2020, the financial year of manroland Goss Group was strongly influenced by the pandemic. Although the order situation in the service business remained stable, incoming orders for new printing systems fell below expectations. For 2021, the group expects a significant increase in incoming orders.
In addition to the established market segments of commercial and newspaper printing, the growth in new press orders will be driven in particular by web offset packaging printing solutions. With the acquisition of the Thallo packaging printing technology in end-2020, the company adds to its range of packaging printing solutions next to Varioman.
"Since the merger of manroland and Goss in 2018, this principle has become firmly anchored in our company. We are constantly on the move and are seizing many new opportunities created through rethinking our processes. And all of this equipped with benefits and added value for our customers." As market conditions remain challenging, this agility and solution orientation in corporate management and company development are key success factors,” said CEO Franz Kriechbaum.