Business development Group & Divisions
2024 was a very demanding year for the Phoenix Mecano Group, with industrial activity in the key European markets failing to recover as hoped. Nevertheless, it generated a solid result thanks to its well-balanced portfolio of business activities.
The DewertOkin Technology Group division performed excellently, with double-digit sales growth and a further improvement in profitability. This largely offset declines in industrial activity due to the difficult market conditions. The strategy of developing solutions in line with the megatrends of automation, decarbonisation and demographic change proved to be robust even under difficult economic conditions and enabled a pleasing return on capital employed.
DewertOkin Technology Group
Despite subdued furniture markets worldwide, the DewertOkin Technology Group achieved double-digit growth in incoming orders and sales in local currency thanks to the successful combination of its drives and mechanisms business. It also significantly boosted its profitability to 23.2 %.
