Schuler continues growth
Press manufacturer Schuler has enjoyed further growth in the first six months of its current fiscal year. New orders were up 10.5 per cent year on year to € 554.6 million. Thanks to an improved interest result, the Group also raised its net profit by 10.1 per cent to € 25.1 million in the first half of 2014. The operating result (EBITA) amounted to € 39.6 million, with an EBITA margin of 7.3 per cent.
The plant manufacturer has raised its sales and earnings guidance and now expects sales of € 1.1 to € 1.2 billion and an EBITA margin of seven to eight per cent for the fiscal year 2014. The company previously anticipated sales revenue of around € 1.1 billion and an EBITA margin of six to seven percent.
“With two major orders for spiral pipe lines for the production of large pipelines and several orders for the latest generation of servo presses, we have been able to successfully tap new markets and customers,” stated Schuler’s CEO Stefan Klebert at the presentation of the half-yearly figures.
Schuler has concentrated on the Group’s internationalization in recent years. In Dalian, China, for example, the company has constructed a large-scale production facility, and in the north Chinese port of Tianjin a demonstration center is currently under construction.
“We are enjoying an encouraging level of project activity. Investments are being made in our markets and our position around the world is growing stronger,” added Klebert. “We are therefore confident that we can reach the targets set for the year as a whole, providing there is no significant deterioration in the external conditions.”