Vebego's consolidated turnover increased by 6% in 2020 to € 996 million; in 2019, it was € 941 million (+7%). Organic growth remained limited by 2% in 2020.
Trend in results
In the years 2018 and 2019, Vebego invested a great deal in the organisation. Vebego is a family business with a long-term focus and with objectives that go beyond the next financial year.
Based on our impact goal and our effort to reduce inequality, we also act as responsible taxpayers. We developed a new Vebego Tax Control Framework in 2020. This will be rolled out in the Netherlands starting in the first quarter of 2021.
Vebego's capital position remains strong. Solvency is 29.1% (2019: 28.8%). The increase is due to the positive result over 2020.