Business developed favourably in 2021
The Algol Group's business developed favourably during 2021. Consolidated net sales increased to EUR 181 million, while operating profit improved to EUR 6.7 million. All Group companies improved their results compared to 2020. In addition, nearly all Group companies also surpassed their budgeted target.
The growth and improvement in earnings were due not only to strong demand, but also to more efficient operations. On the other hand, long delivery times for raw materials and components limited sales somewhat. Restrictions imposed in response to the corona pandemic also slowed sales, especially in healthcare-related sectors.
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Algol Chemicals receives EcoVadis Gold Sustainability Certificate
EcoVadis has awarded Algol Chemicals a Gold level rating. In the past, the company has had a bronze level rating, and the ratings now improved, especially in the ethics and sustainable procurement scores.Read more
Algol Group corporate responsibility targets for 2022-2023
Algol Groups corporate responsibility targets for 2022 are based on the stakeholder survey.Read more