The Herstal Group (FN Herstal, Browning, Winchester Firearms) achieved a consolidated turnover of 767 million euros in 2020, down 7.4% compared to 2019, the year preceding the coronavirus crisis, announces- he Wednesday in a statement. The group posted consolidated net income of 40 million euros. The group’s general meeting held on Tuesday decided to grant a dividend of 10 million euros.
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“Despite the crisis, the Herstal Group actively pursued its strategic deployment plan in 2020. It is in the top 5 worldwide with its two business sectors, Defense and Security and Civil. It has solid and diversified foundations. in terms of its product ranges, its markets and customers, as well as its technologies, “underlines the group.
“This positive development is also the result of substantial investments in equity capital made over the past 15 years. It is reflected in employment as well as in the Group’s strategic plan and financial indicators. Thus, it has again committed more than 60 million euros. euros in research and development, and modernization of its production tools in 2020. This figure should exceed 70 million euros in 2021 “, he adds.
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