SHAPING THE FUTURE – The Lenze Annual Report 2020/2021
Preface by the Executive Board
Dear Ladies and Gentlemen,
Dear Customers and Partners,
The corona pandemic has been – and remains – a global challenge that we are facing up to. In financial year 2020/2021, the health of our employees was the top priority. We have established hygiene standards worldwide and set up our own vaccination center at the company headquarters in Germany. There, our employees, their family members, and the immediate community could get vaccinated. We are proud to have made a contribution to the containment of the pandemic. We were able to act quickly and prudently to maintain our business operations. The pandemic experience has changed the way we work together in the long term, and we are confident that our global community has grown even closer together.
Thanks to the great commitment of all Lenzians worldwide, we were able to emerge from the crisis in a structurally stronger position despite a volatile environment. Our operating result was better than expected: Revenue of EUR 690.7 million was slightly below that of the previous year (EUR 724.4 million), while operating earnings before interest and taxes (EBIT) improved to EUR 47.1 million (previous year: EUR 43.3 million). This represents an EBIT ratio of 6.8% (previous year: 6.0%). Our equity ratio remains at a consistently strong level of over 60% (61.6%).
We are feeling the effects of the economic recovery in the form of massive demand for our products and services, driven primarily by the intralogistics and packaging industries. Here, bottlenecks in the global supply chain also affect our processes.
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Best regards
Christian Wendler Dr. Achim Degner Frank Maier
(Chief Executive Officer) (Chief Financial Officer) (Chief Technology Officer)
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