ANCOR’s Revenue Grew in 2020. Annual Results
Despite of the difficult market the revenue increase was more than 8%, although on average in the industry worldwide companies were more likely to show a fall of 15% and more, which was mainly impacted by the pandemic. The current crisis is not the first for ANCOR in Russia, that is why a successful anti-crisis strategy had already been developed and enabled us to finish the year in a favorable position. According to Sergey Salikov, the CEO of ANCOR Group, there is a strong need for new efficiencies, new products and new clients in order to withstand the crisis.
“The experience of self-isolation has proved that partially remote work is effective for our company, we will keep it as the main operational mode, - says Sergey Salikov. – This will be an opportunity for us to give up part of the office space and redirect the funds to further digitalization and development of the business units.”
During coronacrisis the business of the group of companies was growing actively. International companies had been traditionally the main clients of ANCOR.