01.25.17
SCHOTT AG continued to grow in fiscal year 2015/2016. The specialty glass company’s EBIT improved to €223 million, a 26% increase over its €178 million the previous year. Consolidated net profit for the year surged 47% over fiscal year 2014/2015 to €139 million.
Sales increased by 3% to €1.99 billion from €1.93 billion in 2014/2015. Adjusted for currency effects and portfolio measures, they grew by 6%, with contributions from all three segments: Precision Materials, Optical Industries, and Home Appliances.
“Fiscal year 2015/2016 was a success for SCHOTT. We have the momentum of our business development and a full pipeline of new glass materials that continue to push technology forward,” said Greg Wolters, president of SCHOTT North America.
The foreign share of sales remained unchanged at 86%. Almost half of sales were generated in Europe, about one quarter each in North and South America and Asia. SCHOTT was particularly successful in Asia, where sales increased nearly 8%. The demand for glass-to-metal connections for electronics was particularly high there. The number of employees worldwide remained unchanged at 15,000, 1,210 whom are based in the U.S.
SCHOTT CFO Dr. Jens Schulte pointed out that the company had succeeded in showing positive net liquidity for the first time in 10 years.
“In combination with existing financing lines, this provides us with sufficient scope for making future acquisitions,” Dr. Schulte noted.
After a strong start in its fiscal first quarter, SCHOTT expects to grow sales by 3% to 5% for the fiscal year as a whole.
Sales increased by 3% to €1.99 billion from €1.93 billion in 2014/2015. Adjusted for currency effects and portfolio measures, they grew by 6%, with contributions from all three segments: Precision Materials, Optical Industries, and Home Appliances.
“Fiscal year 2015/2016 was a success for SCHOTT. We have the momentum of our business development and a full pipeline of new glass materials that continue to push technology forward,” said Greg Wolters, president of SCHOTT North America.
The foreign share of sales remained unchanged at 86%. Almost half of sales were generated in Europe, about one quarter each in North and South America and Asia. SCHOTT was particularly successful in Asia, where sales increased nearly 8%. The demand for glass-to-metal connections for electronics was particularly high there. The number of employees worldwide remained unchanged at 15,000, 1,210 whom are based in the U.S.
SCHOTT CFO Dr. Jens Schulte pointed out that the company had succeeded in showing positive net liquidity for the first time in 10 years.
“In combination with existing financing lines, this provides us with sufficient scope for making future acquisitions,” Dr. Schulte noted.
After a strong start in its fiscal first quarter, SCHOTT expects to grow sales by 3% to 5% for the fiscal year as a whole.