
“We can’t look away from the impact of the covid-19 crisis. Yet, accelerating all the initiatives that we initiated will definitely help us seize the opportunities of the new, hybrid normal.”
George Stromeyer, General Manager Enterprise
The Enterprise division posted a 40% decline in sales and orders for the year and an 8% EBITDA margin, down from 22% in 2019. While Control Rooms started the first half weaker due to project delays and a softer Oil & Gas market, demand for the ClickShare portfolio fell steeply in the second quarter as a result of pandemic-related lockdowns and offices being closed. Overall, Enterprise sales began to recover in the third and fourth quarters with gradual pick-up in both the Control Rooms and the Corporate subsegments. In terms of the sales mix, the Corporate activity accounted for about 51% of Enterprise sales for 2020 versus 58% of Enterprise sales for 2019.
George Stromeyer, General Manager Enterprise