The Raja Group, which specialises in the distribution of packaging, has announced a turnover of 494 million euros for the first half of 2020. The group is aiming for a turnover of one billion euros in 2020.
25 August 2020
(Image: Raja Group)
The Raja Group, which specialises in the distribution of packaging, has announced a turnover of 494 million euros for the first half of 2020. The group is aiming for a turnover of one billion euros in 2020.
According to the company, turnover to date is in line with sales targets. In addition, the operating profit expected at the beginning of the year has been achieved. Despite the challenges posed by coronavirus, this was achieved thanks to a solid business model and a Diversification strategy would have been possible. The Raja Group is therefore sticking to its sales targets for 2020 and is aiming for a turnover of one billion euros.
Actively mastering the crisis
Like most companies, the COVID-19 pandemic has put the Raja Group to the test. However, thanks to the early implementation of internal protective measures, it was possible for all 25 of the Group's European branches to continue their operations.
(Image: RAJA Group)
„I had three goals during this crisis: to protect all our teams, continue to support our customers and at the same time preserve jobs. Our turnover fell significantly in the second half of March, only to increase again in April and May. We were able to win many new customers as all our companies continued to operate and we were able to continue to serve our customers. Our results are testament to the resilience and agility of the Group and the commitment of our teams.“ Danièle Kapel-Marcovici, CEO of the RAJA Group
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Maintaining the sales targets for 2020
The companies of the Raja Group are in a good position to continue their development in a difficult economic environment. At the same time, the Group is Integration of the four new companies acquired in 2019 - JPG, Mondoffice, Kalamazoo and Bernard. This should further increase their commercial momentum and financial results.
„We are sticking to our sales targets for 2020. And we are still on track to exceed our sales target of one billion euros. Our core competences are more important today than ever. Our strength lies in the stability of our business model, the diversity of our customer base and the talent and dedication of our teams,“ explains Danièle Kapel-Marcovici.
