Things are going well for Heckler & Koch: The German weapons manufacturer has increased its profits significantly. This is due to booming business – as well as savings. The workforce works a few hours a week without pay.
Thanks to booming business in the USA and Europe, the weapons manufacturer Heckler & Koch posted a significant jump in profits. In the first nine months of 2020, profit after tax was 13 million euros compared to 1.3 million euros in the same period of the previous year, as the company announced on Wednesday. Sales climbed by 12 percent to 207.5 million euros.
CFO Björn Krönert justified the development with measures taken in 2019, which have now paid off. At that time, investments were made and production processes were improved.
In addition, the workforce has since worked two and a half hours a week without pay. The mountain of debt is still high.