In an interview with the newspaper Valor Econômico, Vedacit's president, Marcos Bicudo, assessed that the company's approach to managing the crisis should result in greater employee engagement. Since the beginning of the pandemic, Vedacit has not made any layoffs, nor has it reduced working hours or salaries.
Regarding its outlook, Vedacit is less conservative than at the start of the crisis two months ago, and has further adjusted its projections for 2020, no longer considering the worst-case scenario it had previously outlined. According to Bicudo, the waterproofing manufacturer now expects its year-to-date revenue to exceed 2019's by 3%.
"April sales were 58% higher than the same month in 2019. May sales were 75% higher than last year's sales," says Vedacit president Marcos Bicudo. The rapid reopening of dealerships—the main channel for product sales—contributed to the above-projected performance at the beginning of the quarantine. The executive attributes part of the sales to the R$$ 600 emergency aid provided by the government to a portion of the population.
In the executive's assessment, after the pandemic, access to basic sanitation and healthy housing for a larger portion of the population should be part of the country's "reconstruction agenda," which will benefit the construction industry.
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