COVID-19 crisis reduced Arquus' exports by 50% in 2020
Although the COVID-19 crisis reduced Arquus’ exports by 50% in 2020, the company managed to balance the books by increasing its services by 40%. Additionally, the French manufacturer plans to deliver around 150 Griffons and Jaguars to the French Army in 2021.
The COVID-19 crisis hit exports from Arquus in 2020 as overseas sales fell by 50% compared with 2019. Even so, the French company managed to balance the books with a 40% increase in services revenues and 23% growth in domestic sales.
During a press conference on 10 March to announce the 2020 results, Emmanuel Levacher, president and CEO of Arquus, explained that total sales decreased by 10% in the last year. However, he insisted that this ‘is actually proof of our very good resistance [to the economic effects of COVID-19]. In fact, we are rather satisfied to have limited the damage to this
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Land Warfare
-
![Singapore launches the SAFTI City urban warfare complex]()
Singapore launches the SAFTI City urban warfare complex
The large urban recreation uses sensors and robots as well as realistic building design to test tactics and expertise.
-
![Patria adds 120mm mortar system to 4x4 truck]()
Patria adds 120mm mortar system to 4x4 truck
A key feature of TREMOS (Traditional REborn Mortar System) is that it can be rapidly fitted to another platform. After the demonstration in Finland, TREMOS is going to Sweden to be fitted and fired from a standard commercial vehicle fitted with a hook lift to show its flexibility.
-
![Patria unveils new 155mm artillery system with Ukraine war in mind]()
Patria unveils new 155mm artillery system with Ukraine war in mind
The war in Ukraine has shown the need for howitzers with a rapid deploy, fire and move capability, the ‘shoot and scoot’ concept, and Patria’s newest self-propelled system, ARVE, acknowledges that.
