Financial situation and investment
After a strong growth in 2019, the overall budget of 2020 could be kept at almost the same level as the previous year despite the influence of the Corona pandemic and increased investments. Due to increased industrial revenues and consolidated expenses, the revenue quota increased slightly to 81.3 %. Orders from German and international industrial companies amounted to 5.0 million euros. Increased slumps due to the crisis were recorded in the application-oriented business areas, whereas the order situation in the technology-oriented business areas improved significantly in the second half of the year. The operational budget decreased by 1.4 million euros to 13.9 million euros.
Current investments for the fiscal year amounted to 2.28 million euros. Altogether, the total budget amounted to 16.2 million euros.