Shredding solutions specialist Lindner Recyclingtech (Lindner), has released its financial reports for 2019 saying that the figures “leave no doubt” that the firm will overcome the COVID-19 crisis.
In a statement, Lindner said that there have been many changes during the outbreak, with teams being divided into several locations or working from home. Despite this, the firm says its production floors are ‘still in full swing’. The company exceeded revenues of €100 million in 2019 and so the company was able to start 2020 with ‘full order books’.
The annual financial report for 2019 has been finalised, relativising the current situation, according to CFO Hans Sagerschnig: “In recent years, it has become increasingly apparent that the demand for our innovative and sturdy technology is increasing.
“Since 2016, sales have risen by around 70%. Needless to say, we are very pleased about this development. But what is much more important in view of the COVID-19 crisis is our strong equity ratio of more than 65%. That makes us a stable and reliable partner for our clients even in challenging times.
“Thanks to our entire team’s good performance and camaraderie, we are certain to successfully overcome the crisis and continue to be a dependable employer in future.”