Despite the effects of the health crisis that has shaken the world economy, and thanks to the mobilization of all its staff, the LNE ended the 2020 financial year with a largely positive result (+ €1,681 k) and above estimates. This demonstrates once again the effectiveness of the business model built up over the last five years.
Like all sectors, the LNE has been hit by the economic effects of the epidemic, with a 23% drop in commercial invoicing in the first half of 2020. However, thanks to the flexibility and commitment of its staff (extensive use of teleworking, taking days off during the period of confinement so as to be fully available when the epidemic starts up again, and using part-time work when necessary), the LNE has managed to limit the fall in turnover to 11% over the whole of 2020.
On the other hand, the development of new services such as mask testing - an activity born out of the authorities' need for measurement resources to assess the effectiveness of protective masks - and new practices such as remote audits have helped maintain sales.
These good results have even enabled LNE to maintain its profit-sharing scheme at a good level (4% of total payroll), a fair return for the mobilization of its employees, and to pursue its investment and recruitment policy in 2020.
>> For more information, see the press release (in french only)