Schüco Annual Report 2022

Highlights

In Europe, the 2022 fiscal year – which continued to be marked by supply-chain issues worldwide, sharply increasing raw material prices, the ongoing war in Ukraine and the huge rise in energy costs and rates of inflation – presented huge challenges to the Europe sales region and heavily impacted business activity in the second half of the year. Nevertheless, the markets in France, Italy, Iberia, the Netherlands and Belgium still managed to see positive growth. The Metal division of the Europe sales region was therefore able to increase turnover to €1.310 billion, which is 10.5 percent higher than the previous year (€1.185 billion).

In 2022, in Germany, the construction sector helped to stabilise economic output in Germany, but still came under pressure. While order backlogs and pull-forward effects in the first half of the year helped to make good use of customer capacity, from the third quarter of 2022 there was a significant decline in incoming orders, particularly with newbuild projects. Triggers for this included the extreme pricing pressure across all products in the industry, as well as the increasing uncertainty due to the geopolitical situation. Nevertheless, at €600 million, turnover in the Metal business division’s home market was above the previous year’s level (€558 million).