Sales surge continues for LIQUI MOLY

Published:  13 May, 2021

Additives providers have been among the select business types that have seen some positive outcomes from the pandemic. Sitting at €60m, Liqui Moly sales were 60% higher in April than they were in the same month in 2020, and they were even 26% higher than in April 2019. "We have started this year with great momentum and we will continue to maintain this momentum," said. Managing Director Ernst Prost.

Despite the sterling showing during April, March was actually even better with €65m in sales, it and was also the most successful month in the company’s history. Ernst continued: "We were not able to beat this record in April, but it is still an impressive achievement for the entire team.”

LIQUI MOLY is very well-established in its home market in Germany, which makes additional growth difficult, so much of is burgeoning success was seen overseas. During Q1 of 2021, LIQUI MOLY mainly recorded growth where it is represented with its own subsidiaries. Sales doubled in Italy, Australia and South Africa year-on-year, while sales grew by 40% in the USA and Canada.

Ernst continued: "In addition, some of our competitors still seem to be in hibernation." Success also has its downsides: "We have to make every effort to get our hands on enough raw materials. And we are also desperately looking for containers to ship our oils and additives to our customers. This is a daily battle, but we can manage it."

Looking at the potential post pandemic picture, Ernst added: "Overall, however, we see the global economy increasingly gaining momentum. We hope that we will be able to gradually return to normal again during the year."

Related Articles


©DFA Aftermarket Media Ltd
Terms and Conditions