Rexor, the German buying group controlled by ANWR, recorded a 19 percent decrease in centralized settlement revenues in 2020 due to the impact of the Covid-19 pandemic. In Germany, Rexor managed to limit the decline to 9.6 percent thanks to new memberships.
Currently, 509 companies are part of Rexor’s network.
Thanks to cost cutting, Rexor maintained a net profit of €438,000 in 2020, albeit down from €518,000 a year earlier.
Due to ongoing Covid-19 related restrictions at the beginning of 2021, Rexor expects a further decline in centralized settlement revenues this year in Germany and Belgium.