A word from the CEO
I’m very happy to be able to look back at 2020 and say to the Flokk team: Well done, everyone!
This is especially gratifying as the year got off to a very rocky start, for society as a whole and for Flokk as a company.
In addition to the global pandemic, Flokk faced some company-specific challenges. In the fall of 2019, we acquired the US company 9to5 Seating. However, we hardly got to properly celebrate this milestone for the Flokk Group and get ready to know our new colleagues before we learned that one of our main production facilities, in Turek, Poland, was damaged in a fire. Most importantly, none of our colleagues were physically injured, and we immediately initiated a process to recover production of the affected products. Through great efforts by our product development and sourcing teams, we have exceeded our internal projections and recovered 90 per cent of the products that were made unavailable by the fire. The incident of course significantly affected sales through our Profim brand, which is produced in Turek. However, we have strong momentum, and I am certain we will regain our market share now when our portfolio is fully restored.
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