SCHOTT returns to profitability

  Company financial news

Fiscal year 2012/2013: EUR 26 million in consolidated net income; sales declined by 2% to EUR 1.84 billion due to currency translation; investments in tangible fixed assets rose to EUR 122 million.

Schott
SCHOTT’s ultra-light ZERODUR® mirror substrate
The international technology group SCHOTT looks back on a difficult but, nevertheless, satisfactory fiscal year 2012/2013 (1 October 2012, to 30 September 2013). “Our withdrawal from the polycrystalline photovoltaics business in mid-2012 fortunately did not put a permanent strain on our results. After a one year-long interruption, we returned to profitability,” Chairman of the Board of Management Dr. Frank Heinricht, explained at the annual results press conference. Consolidated net income amounted to EUR 26 million. Besides the positive results of continued operations that amounted to EUR 49 million, this figure also includes the negative results of discontinued operations in the amount of EUR 23 million. “We also used this year to realign SCHOTT,” Dr. Heinricht added. The fact that the company succeeded in reducing its financial liabilities by EUR 80 million to EUR 297 million clearly shows that the company rests on a “firm foundation,” as Dr. Heinricht put it.
Group sales declined by 2.3% to EUR 1.835 billion (2011/2012: EUR 1.877 billion). This decrease was a result of the euro’s negative currency effects, in particular against the Japanese yen and the Brazilian real. Without the impact of exchange rate changes, sales would have remained at the same level as last year. The company’s regional distribution between Europe (45.4%), Asia (26.2%), and North America (21.4%) remained virtually unchanged. Foreign sales accounted for 85% of total revenue. Earnings befor...
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