Delayed deliveries and a continuing reluctance to buy have led to rather subdued business for the East German model train manufacturer Piko in the first five months of the year. Total sales at the end of May were slightly below the previous year's level and below the revenue planned for 2024, the company announced in Sonneberg on Tuesday.
The medium-sized company with almost 650 employees in Germany and China does not provide absolute figures on turnover and profit. So far, Piko says it is sticking to its single-digit percentage sales growth target for this year.
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