Germany's Sandler posts revenue growth in 2021

Overall, the nonwovens specialist remains cautious about the ongoing financial year, also due to spiralling energy costs that are expected to become even more serious in 2022, the company said in a press release.

"In early January, we still hoped that the lessening of the turmoil surrounding the Corona pandemic would bring not only our industry back to clearer waters. However, the belligerent attack on Ukraine, geopolitical uncertainty and the continued increase in energy costs are clouding the waters again in terms of our outlook. At the same time, we are seeing our long-term strategy of consistently focussing on diversification in terms of technologies and industries, and the establishment of an additional company location, confirmed,” CEO Dr Christian Heinrich Sandler said.

In 2021, the Coronavirus pandemic also made great demands on "our dedicated and motivated staff,” added Sandler. “But the entire Sandler team fought shoulder-to-shoulder for the success of the company at both locations. A high level of expertise and a correspondingly high level of commitment and flexibility made a successful year possible despite the continued massive restrictions caused by the pandemic and despite the market changes. Our teams in Schwarzenbach and Perry did a great job."

Sandler has not only managed to stand up to Covid-19 in doing so. The reactions to the pandemic have completely changed the market and the market environment over the past two years. Businesses that had been growing over many years have stalled, and supply chains have been turned upside down. The CEO casts his mind back to the supply bottlenecks worldwide, longer delivery times and the dramatic price increases in almost all goods and services. "We had already arrived at this point from a high cost level and believed that we had reached the tip of the cost iceberg. But that has not proved to be the case in 2021 and this trend – we can now say after the first quarter of this year – will continue in 2022. However, despite facing major logistical challenges, we still managed to deliver on time," emphasised Sandler.

Fibre2Fashion News Desk (RR)