While Schukat had planned single-digit growth for 2019, the distributor closed its financial year with sales of € 104 million. This represents a decrease of 1.7% compared to the previous year. This was largely due to the allocation situation and price pressure. While the first quarter was still very satisfactory, the allocation situation in individual product areas such as capacitors and resistors was already clearly noticeable from the second quarter onwards.
Q3 and Q4 then presented a real challenge, as major customers and strategic buyers in particular reduced their inventories again and generated fewer new orders.
Schukat's goals for 2020 are to continue investing in growth and to consistently drive forward digitalization within the company. According to the management, good service and personal customer contact are top priorities.
Schukat will therefore be represented at electronica 2020 with its own trade fair stand. The Power Supplies division will also be expanded with strategic partners in order to serve niche markets more effectively. In the area of parts and components, the distributor is working on building up a broad portfolio and offering customers the opportunity to switch to alternative manufacturers and products if required.
www.schukat.com
