Plansee reports fiscal results for 2019/2020

July 8, 2020

The Plansee Group, headquartered in Reutte, Austria, has reported its financial results for the fiscal year 2019/2020. The company stated that the recession in key industries, as well as trade disputes, led to a decline in demand causing sales in the group to drop 10% over the fiscal year. 

Over the year, the group’s portfolio as a whole was said to have proved robust. The group companies reported revenue of €2.9 billion, while production sales in Breitenwang/Reutte were reported at €635 million. Worldwide, the group employed 13,796 employees, with a staff in Austria of 2,368.

The group now states that it feels well-prepared to cope with the economic consequences of the coronavirus (COVID-19) crisis. Over 2019/2020, its investment volume was €206 million, and expenditures on research and development amounted to €68 million. 

“In addition to the trade conflict between the USA and China, declining orders from the European automotive and the mechanical engineering industry in particular resulted in the slump in sales in the 2019/2020 fiscal year,” explained Karlheinz Wex, spokesman of the executive board of the Plansee Group, during its annual press conference in Reutte. 

Overall sales fell from €1.52 billion to €1.38 billion in 2019/2020. Despite this development, the Plansee Group continued to invest heavily in equipment and infrastructure and research and development, and states that this decision has paid off; new products accounted for 31% of sales in the past fiscal year, up from 29%. The equity ratio rose from 58–61%, reaching what the company states is a peak level.

The COVID-19 crisis was said to have presented special challenges for the Plansee Group. From the start of the crisis, all measures were directed at protecting its employees from becoming infected and maintaining production at all locations worldwide, stated Wex. 

Despite temporary closures of individual plants, the group was able to maintain almost all deliveries to its international customers between the months of March and May. “Our customers count on us being able to supply them,” Wex added. “Plansee components and tools ensure that the electricity is on, X-ray machines work, or food and medical products can be packaged in glass without hygiene concerns.”

“We have to expect the business environment to remain difficult this year,” he explained, looking ahead to the economic consequences of COVID-19. “At the same time, we’re convinced that the Plansee Group is competitively positioned and, above all, prepared for crises.” 

He added that, over its ninety-nine years in business, the company has become accustomed to successfully handling the ups and downs of the markets. It stated that the key during COVID-19 was to convince its customers of its strengths and seize every business opportunity available.

Plansee recorded increasing demand from the medical technology and the semiconductor industry over the fiscal year 2019/2020, and the global footprint of its production and logistics network is said to have ensured that during the COVID-19 crisis, all customers could be supplied wherever they needed the company’s products and tools. 

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link