Corona leaves Option waning at Crescent

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In the first half of 2020, Crescent, the technology group that holds Option, recorded 9.0 million euros in sales. That’s a 1.3 percent increase year on year, despite difficult market conditions. For the most part, this is attributable to the good performance of the Services division. The net result is still negative, though: -995 thousand euros, even more so than in the first semester of 2019 (-452 k€).

Credit: Crescent

Crescent Services continued its strong results and was able to improve its turnover. The Solutions division (which includes Option) absorbed the impact of the corona crisis on its revenue by marketing the “Safe distance by Option” product on the one hand and cost-saving measures on the other. Total IoT sales, however, have noticeably been affected by the pandemic, particularly during the months of March and April, with semester sales decreasing by 4 percent YoY. The Lighting division’s H1 turnover was also impacted: particularly outside the Netherlands, sales were very limited – total sales decreased by 14 percent.