Vista Alegre 8.1% sales downturn in 2020

 In Companies, News

The Portuguese fine china and crystal company Vista Alegre suffered a 8.1% downturn in 2020 with a sales turnover to December of €110 million.

However sales did increase 8.2% in the second quarter in like-for-like terms on the second quarter in 2019.
In a communiqué sent to the Portuguese stock market regulator CMVM, Vista Alegre reported that in “accumulated terms” the group has “attained a business turnover to December of €110 million, seeing a fall of 8.1% on the same period in 2019”.
In the second half, the group registered “a growth of €5.1 million (+8.1%) compared to a growth of €6.7 million in the like-for-like period in 2019, “Thereby showing a remarkable resilience and robustness to Vista Alegre’s business given the difficult period the world economy has been going through”.
In December, “The business turnover was €11.4 million, a downturn of €2.5 million on the same month in 2019”.
“The worsening situation caused by the pandemic and the State of Emergency with confinement measures and restricted shop opening hours affected sales negatively,” states the company.
In December online sales continued to show a good performance with a growth of 162% in like-for-like terms, partially compensating for a fall in store retail sales which fell 16% on the same period the year before.
The firm’s ‘private label’ channel suffered considerably in December with a fall of 17% on December 2019.
“The start of worldwide vaccination reinforces the hope of an improvement in the pandemic crisis, opening up the prospect of economic and retail activity in 2021,” states Vista Alegre.