Segment supported by good demand in the construction industry
The Distribution & Logistics (D&L) segment does business primarily with construction and industrial manufacturing customers in Switzerland. With its comprehensive portfolio of hardware tools, fasteners, building materials and architectural hardware, the segment was also affected by the COVID-19 pandemic. However, its well-balanced positioning in terms of products and sales channels helped to lessen the impact of the pandemic on its business operations. Strong demand, particularly in the areas of building materials and personal protective equipment, compensated for the weaker development with industrial manufacturing customers.
The segment generated sales of CHF 316.9 million in the period under review, which represents a slight decrease of –2.8% compared with the prior year. Currency translation accounted for –0.6% of the decline in sales.