01.17.19
SCHOTT AG has delivered record results for its fiscal year ended Sept. 30, 2018, providing a strong impetus to future growth. The company achieved a return on sales of 13%, posting a record net profit of $247 million.
"Equity has increased from 32% in 2015/2016 to a ratio of 35%, which means that we have reached a very solid level,” said CFO Dr. Jens Schulte. “Seven M&A transactions took place across the fiscal year, with a focus on investments in startups in the fields of big data and artificial intelligence.”
North American sales were particularly strong, growing by 4.9% to $565 million, reflecting the company’s focus on acquiring businesses that add tangible strategic value in the region. In terms of overall sales, 86% were achieved outside of Germany. In total, 23% were attributable to North America – a figure that was welcomed by both the senior management team and the board of directors.
“We are very satisfied with the past fiscal year. Despite unfavorable currency influences, we achieved the targets we had set for ourselves, especially concerning profitability,” said Dr. Frank Heinricht, chairman of the Board of Management.
“Boosted by a healthy US economy and some innovative new products, we are seeing positive growth across many of our North American Strategic Business Fields,” said Greg Wolters, president SCHOTT North America Inc. “Strong market areas for us include defense, pharmaceutical packaging and home appliances.”
"Equity has increased from 32% in 2015/2016 to a ratio of 35%, which means that we have reached a very solid level,” said CFO Dr. Jens Schulte. “Seven M&A transactions took place across the fiscal year, with a focus on investments in startups in the fields of big data and artificial intelligence.”
North American sales were particularly strong, growing by 4.9% to $565 million, reflecting the company’s focus on acquiring businesses that add tangible strategic value in the region. In terms of overall sales, 86% were achieved outside of Germany. In total, 23% were attributable to North America – a figure that was welcomed by both the senior management team and the board of directors.
“We are very satisfied with the past fiscal year. Despite unfavorable currency influences, we achieved the targets we had set for ourselves, especially concerning profitability,” said Dr. Frank Heinricht, chairman of the Board of Management.
“Boosted by a healthy US economy and some innovative new products, we are seeing positive growth across many of our North American Strategic Business Fields,” said Greg Wolters, president SCHOTT North America Inc. “Strong market areas for us include defense, pharmaceutical packaging and home appliances.”
