Italy: SITI-B&T Group: 2020 Results Better than Expected

摘要

Despite the pandemic and difficulties in the sector, results were better than expected for the SITI-B&T Group. The value of revenues at the end of 2020 amounted to EUR 142,3 million, down 18,8% compared to EUR 175,1 million in 2019. The extraordinary health crisis that hit 2020, which came after a 2019 that had recorded a negative economic situation for the entire ceramic machinery and equipment sector, squeezed volumes to an extraordinary degree. The recovery in orders in the second half of the year only partially offset the effects of the blockage in the first months of the year.