Datron - Recovering after a challenging FY20
Datron’s FY20 results were negatively affected by the market slowdown triggered by COVID-19 (sales down 22% y-o-y to €42.1m and EBIT down 45% y-o-y to €2.1m), but its performance has gradually recovered in Q420 and Q121 amid increasing economic activity. Management comfortably delivered its Q121 guidance but for now remains cautious with respect to full-year forecasts. Datron’s performance in 2021 should be assisted by improving demand in the German machine tools industry, which is expected to increase production by 6% y-o-y in FY21, according to the German Machine Tool Builders’ Association (VDW) data.Datron AG is a Germany-based Company, which provides solutions for manufacturing and automation. The Company develops, produces and sells computer numerical control (CNC) milling machines, as well as dispensing machines in lightweight constructions for adhesives and sealants. The Company's core products include: milling machines for aluminum, plastics, Glass-Reinforced Plastic (GRP) and Corrosion Resistant Products (CRP) materials in High-Speed-Cutting (HSC); engraving machines for engraving different metals; dental machines for the manufacture of dentures in Computer-Aided Manufacturing (CAM); dispensing systems for sealing and bonding with all major adhesives and sealants, as well as milling tools such as solid carbides, end mills and engraving tools. Furthermore, the Company offers after sales service, spare parts, trainings and consulting.
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