Abstract
German technical weaving specialist GKD generated record sales of E107.4 million in the 2019 financial year, up from E95.3 million in 2018.
The industrial mesh division saw sales increase 15.3% with strong growth in automotive, raw materials extraction and general filtration. Automotive was driven by exhaust gas recirculation filters for combustion engines. In the crude oil industry, GKD mesh gained further ground in oilfield service companies’ tenders. In general filtration, and for the water industry in particular, new products such as the three-dimensional high-tech Porometric mesh contributed to a significant increase in sales.
For the 2020 financial year, GKD is expecting a positive result despite the coronavirus crisis.
“The good results from the first half of the year show once again that we are able to compensate negative developments in individual divisions with our portfolio aligned to central needs and our wide-ranging expertise in industry and solutions,” said GKD technical director Ingo Kufferath.
“Due to the uncertain effects of the pandemic, we are currently unable to provide a reliable sales forecast. But with our equity share of over 50%, we have enough of a buffer to make further investments in our future as planned,” said Dr Stephan Kufferath, commercial director of GKD.
For further information, visit www.gkd-group.com