BUSINESS PERFORMANCE

Sunstar Group Business Results

Overview: Sunstar Today

In 2020, the Group faced difficult business operations mainly due to the impact of the global spread of the COVID-19 pandemic. This is reflected by the decrease in sales in all the regions, which led to a reduction in consolidated net sales of Sunstar group of 14.1% compared to prior period, i.e. from 1,307 million to 1,123 million Swiss francs (CHF), as well as a decrease in the consolidated operating income to 43 million Swiss francs (CHF). All of the figures reported below are compliant with the International Financial Reporting Standards (IFRS).

Sunstar Group Global Sales Trends (consolidated)

Net Sales by Business sector (million CHF)

All inter-company sales have been eliminated.

Net sales by Region

Business Performance Fiscal Year 2020

(as of May 19, 2021)

In 2020, the Group faced difficult business operations mainly due to the impact of the global spread of the COVID-19 pandemic. This is reflected by the decrease in sales in all the regions, which led to a reduction in consolidated net sales of Sunstar group of 14.1% compared to prior period, i.e. from 1,307 million to 1,123 million Swiss francs (CHF), as well as a decrease in the consolidated operating income to 43 million Swiss francs (CHF). Even under these circumstances, China recorded double-digit sales growth in the consumer business due to a significant increase in e-commerce. In Japan, hygiene-related products and sterilization and deodorization systems, which are essential for new normal lifestyles, expanded sales.

Net Sales by Business Sector

Net Sales by Region

The above figures represent the consolidated financial results of each Group company based on the International Financial Reporting Standards (IFRS). All inter-company sales have been eliminated. *Consumer Business : Oral care goods, cosmetic, health foods, etc. *Industrial Business : Metal parts for motorcycles, automobiles, and adhesives/sealants for automobiles, buildings,  

Both the consumer business and the industrial business saw a decline in sales, also due to the COVID-19 pandemic, which has led to a drop in consumption as a result of lockdowns in various regions and production cutbacks by business partners.

Business Performance Fiscal Year 2019

(as of December 31, 2019)

The Group saw solid growth in Asia, the Americas and Europe. This steady growth was driven by the proactive development of oral care products in the Consumer Business and adhesives in the Industrial Business.

The Consumer Business accounted for approximately two-thirds of the total Group net sales, and showed positive growth. In the Industrial Business, automotive adhesives, our main products, which are used worldwide, were the driver behind steady growth. A new development and manufacturing site for automotive adhesives in Indonesia, USA (Ohio) and Germany will lead to even further business expansion.

In February 2019, we acquired Tsubamex Co, Ltd, a company in Japan, rated highly for its quick delivery, high-precision manufacturing of metal molds through the use of original 3D design systems.

Net Sales by Business Sector

Net Sales by Region

The above figures represent the consolidated financial results of each Group company based on the International Financial Reporting Standards (IFRS). All inter-company sales have been eliminated.

Business Performance Fiscal Year 2018

(as of December 31, 2018)

The Group saw solid growth in Asia, the Americas and Europe. This steady growth was driven by the proactive development of oral care products in the Consumer Business and adhesives in the Industrial Business.

The Consumer Business accounted for approximately two-thirds of the total Group net sales, and showed positive growth due to expansion in Europe, such as with acquisition in the Netherlands and then the opening of a new branch in Poland. In the Industrial Business, automotive adhesives, our main products, which are used worldwide, were the driver behind steady growth. A new development and manufacturing site for automotive adhesives in Germany in 2019 should lead to even further business expansion.

Net Sales by Business Sector

Net Sales by Region

The above figures represent the consolidated financial results of each Group company based on the International Financial Reporting Standards (IFRS). All inter-company sales have been eliminated.

Business Performance Fiscal Year 2017

(as of December 31, 2017)

The Sunstar Group achieved a significant increase in sales in the growth markets in Asia and Europe. Our successful growth was driven mainly by the active promotion of Oral Care and Chemical products.

Our Oral Care business accounts for approximately half of the total Group net sales, and achieved steady growth through our acquisition of a company in the Netherlands, rising sales throughout Europe, active efforts to promote inter-dental cleaning products in the Americas, and expansion of contact points with customers in Asia. In our Chemical business, which makes up 26% of the total Group net sales, our automotive interior adhesives performed well, with growth driven particularly by increased sales in Asia.

Net Sales by Business Sector

Net Sales by Region

The above figures represent the consolidated financial results of each Group company based on the International Financial Reporting Standards (IFRS). All inter-company sales have been eliminated.

Business Performance Fiscal Year 2016

(as of December 31, 2016)

The overall share of Japan increased slightly compared to 2015 due to exchange rate effects. Healthy sales growth was achieved in the Americas, Asia, and Europe mainly driven by strong demand for our Oral Care and Chemical products. Both new products and existing products contributed to this increase.

Our Oral Care business represents about half of the total Group net sales. In this sector, Europe and Asia were the strongest performance drivers profiting from new product launches in Europe and expansion of customer segments in Asia. Our Chemical business now accounts for 26% of total Group net sales and continues to benefit from strong sales of automotive adhesives to global automobile manufacturers, as well as construction sealants in Japan.

Net Sales by Business Sector

Net Sales by Region

The above figures represent the consolidated financial results of each Group company based on the International Financial Reporting Standards (IFRS). All inter-company sales have been eliminated.

Learn about our products and business sectors in this short video