News Annual figures
Shortage of components strongly affects Lely turnover
Lely closed the year 2021 with a turnover of €611 million, which is in line with the company's expectations. in 2020, the turnover amounted to €615 million. Lely calls the order book for the coming year 'very strong'.
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Total turnover decreased by €4 million compared to one year earlier. A decline of 1%. Although the company does not disclose the company's net results, it notes in a note that profitability is in line with 2020's record performance.
Without component shortage, double-digit sales growth
Lely is satisfied with the results in a challenging year in which corona affected business operations. The global shortage of components also created extra challenging circumstances, as stated in the notes to the annual figures. The shortage prevented Lely's turnover from growing by double digits. Lely invested 2021% of its turnover in Research & Development in 7, a signal that, according to the company, shows that the company has a long-term focus.
Lely expects to achieve strong growth in 2022. The company calls the order book very healthy, partly due to orders that were moved from 2021 to 2022 due to component shortages. In addition, the further adoption of feed and manure solutions makes a positive contribution. Although the shortage of parts remains an uncertain factor, Lely says it looks to the future with confidence. In connection with the growth of the company, investments are being made in real estate and attracting new employees.