The Simona Group had to contend with a significant decline in revenue over the course of the first half. In particular, the severe downturn affecting its principal sales markets – the chemical industry and the mechanical engineering sector – prompted a contraction in revenue by EUR 50.8 million to EUR 106.3 million. This corresponds to a year-on-year decline of 32.3 per cent. Despite the considerable decline in sales revenue, Simona managed to post positive earnings for the period under review. Profit before tax amounted to EUR 3.5 million (prev. year: EUR 13.5 million). This was made possible by the timely introduction of a cost-reduction programme that included not only shorttime work but also a critical assessment of material- and equipment-related expenses.
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