New record financial statement shows a profit of 112 million after tax
Despite delivery problems, high freight prices, and Corona, Witt delivers yet another impressive financial statement in 2021. The profit after tax amounts to 112 million.
“We are extremely satisfied,” says CEO Claus Tange. “Our increasing exports, wide range of products, and a tremendous effort by all employees have contributed to us achieving a historically high result. It is especially our focus on the European market, increasing sales in our E-commute category (electric scooters and e-bikes), and our own Witt products that have contributed to record-high revenue. Additionally, our exclusive built-in products for the kitchen segment have had a significant impact on the good result.”
“We have been pleased to hire an additional 27 new employees, bringing us to a total of 167 employees, who have contributed to our expansion in various countries.”
“We have chosen to reinvest millions in new storage, a modern service workshop, and a test center to optimize service for our many loyal customers. Additionally, we are expanding with a gourmet restaurant that provides good synergy with our household products, as well as an exclusive 900 m2 fitness studio for our WittCare clinic. We wish to continue being innovative and forward-thinking and have chosen to focus on the design and development of new product categories, which we will launch during 2022. We must stay a step ahead, even though we are also realistic about the rising inflation, lack of purchasing power, and delivery issues, which will cause some fluctuations that may affect revenue in 2022.”
“As always, we have the optimism and belief that our visions and plans will succeed. We have previously shown that we can find the right product innovations at the right times, so it will likely succeed in 2022 as well,” says Claus Tange.
A revenue increase compared to 2020 of 100 million must be said to be extremely satisfactory.
