Business Heckler & Koch back in the profit zone 05/12/20

Heckler & Koch back in the profit zone 05/12/20

OBERNDORF (dpa-AFX) – After two years of loss in a row, the weapon manufacturer Heckler & Koch made another small profit in 2019. After taxes remained around 1.6 million euros, as the company from Oberndorf am Neckar announced on Tuesday evening. The bottom line in 2017 was a loss of a good 13 million euros, in 2018 it was a good eight million. The return to the profit zone was due on the one hand to cost reductions and a significant increase in production efficiency, and on the other hand to a wage waiver agreement with the workforce, it said.

Heckler & Koch also increased its sales. It rose by eight percent to a good 239 million euros. “With the positive development in 2019, the successes of our growth and innovation course are now showing,” said CEO Jens Bodo Koch. Order intake had reached a record level for the second year in a row. At the same time, however, there is still an immense mountain of debt on Heckler & Koch, which at € 237 million is almost as high as sales.

The company employs a good 900 people and manufactures pistols, assault rifles and other handguns. Major customers include armed forces and France’s army and the police./eni/DP/he

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