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23. July 2021

GKD Group: Resilience proven once more

Far-reaching transformation introduced

In the 2020 financial year, which was marked by the coronavirus pandemic, the global GKD Group once again proved its resilience as a systems and solution provider with a diverse portfolio. As a result of the slump on global markets, the revenue of the global market leader for technical weave for industry and architecture fell by 9.5 percent to 97.2 million euros (2019: 107.4 million euros). Twenty percent of this drop in revenue was attributable to negative currency effects, so the group result for 2020 was only 2.0 million euros below the previous year’s record level. In parallel with this, the family-run company now in its third and fourth generation continued to actively pursue its long-term strategic objectives, again setting the course for future growth. As of the balance sheet date, the GKD Group employed 860 people (2019: 848), 461 of them at the headquarters in Düren, Germany (2019: 445).

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