GROWING SUSTAINABLY TOGETHER Financial results Although revenue and profit are not our main motives, we do believe in the importance of economies of scale. Growth helps us to professionalise our business and expand our impact. We believe in a ‘minimal viable profit’ and for our company that means 1.5 to 2 per cent. This is important for continued investment in areas like internalisation, IT and robotics. In 2020, our revenue remained stable at €288 million. Based on positive developments with almost all our customers and the expansion of our customer base with Jumbo Supermarkets and PraxisTuin, we expected revenue to grow to €315 million. Unfortunately, the coronavirus pandemic threw a spanner in the works. Despite the setback, we managed our costs well and the result is still in line with expectations. Our forecast for 2021 was again very positive with an ambitious turnover of more than €335 million. Due to the coronavirus lockdown in the first quarter of 2021, this now seems unlikely. As we will continue to fully invest to serve our customers in the best possible way, both now and in the future, the pandemic will have a negative effect on our result. Solvency has fallen slightly to the level of our own internal standard of 25%. Equity has remained the same with a growing balance sheet total. 54
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