At Schott Group’s annual results press conference, Chairman of the Board of Management Dr. Frank Heinricht and Chief Financial Officer Dr. Jens Schulte presented the figures for fiscal year 2016/2017
Schott AG continued on its growth course in fiscal year 2016/2017 by improving on all of its key earnings figures (reporting date: 30 September 2017). EBIT reached EUR 272 million, well above the EUR 223 million the company reported in fiscal year 2015/2016. Consolidated earnings reached a record level of EUR 197 million. Free cash flow of EUR 153 million was also a significant improvement. “Overall, we are satisfied with the past fiscal year. We achieved all the goals we set,” Chairman of the Board of Management Dr. Frank Heinricht said at the annual results press conference.
Sales increased by 3.1% to EUR 2.05 billion. All three segments “Precision Materials,” “Optical Industries” and “Home Appliances” contributed to this. Demand for ZERODUR® glass-ceramic as a key component in microlithography and astronomy, high-quality pharmaceutical packaging and special glass for kitchen appliances was particularly dynamic. Foreign sales accounted for 86% of total sales. Nearly half of sales were generated in Europe, around a quarter in North and South America and around a quarter in Asia. The number of employees worldwide remained unchanged at 15,100, 5,200 of whom were based in Germany. Investments in property, plant and equipment amounted to EUR 154 million. More than half went to German sites. The largest foreign investment was the establishment of a pharmaceutical packaging plant in China, which went into operation last September.
At the presentation of the balance ...
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