Half-year results 2021: Artemis Group achieved high organic growth and strongly improved profitability
Aarburg, August 19, 2021 - The general recovery of the global economy supported Artemis Group's positive 2021 half-year results, with organic growth of 32.7% in the first six months, clearly also outperforming sales prior to the Covid-19 pandemic. Negative currency effects due to the weakening of the US dollar contributed to a decline in sales in Swiss francs, which was, however, partially offset by the appreciation of the euro compared to the previous year. Almost all of the Artemis Group's business activities contributed to the pleasing results. Continued high customer orders, improved operational efficiency and strict cost management ensured good margins. In conjunction with this, profits rose disproportionately, especially at the Franke Group and the Feintool Group.