Thrace Group FY 2020 results: Aided by strong demand for PPEs, turnover from continuing operations jumps 13.9% to €340 million




ATHENS, Greece, April 12, 2021-

Despite the fact that the wide and rapid spread of the coronavirus COVID-19 from the beginning of 2020 until today has caused significant disruptions in global supply and demand, the business and financial activity as well as operation of the Group was not adversely affected during the year. On the contrary, the Group implemented an effective action plan, ensuring the necessary liquidity, expanding its customer and product portfolio and implementing targeted investments, and as a result the Group managed to improve its financial position at all levels.

Regarding the operation of production, all production units within the Group continued to operate smoothly for the entire year 2020, without facing any operational issues from the spread of the pandemic, regarding the health and safety of the Group's employees, as a result of the particularly strict protection measures taken by the Group since the beginning of the pandemic.


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