VDL remains profitable, despite coronavirus i ...
The impact of the coronavirus crisis has not passed VDL Groep by over the past six months. In the first half of 2020, both revenue and profit of this industrial family business headquartered in Eindhoven were down on the same period last year. On a positive note, the strategy of spreading risk through diversification has led to VDL posting a profit for the first half of 2020. The coronavirus crisis has mainly hit the automotive industry hard, while other sectors such as high-tech, infrastructure, food, and health have borne less of the brunt of the crisis. Given that market demand is picking up, there is confidence for the second half of 2020.