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01-16-2019, Mainz, Germany

SCHOTT AG Delivers Record Financial Results for Fiscal 2018

SCHOTT’s strategic plan for future growth through innovation and acquisitions remains firmly on course in the US and beyond

- Fiscal year 2017/2018: currency-adjusted sales 6.3% higher
- Record annual profit of USD $247 million
- High investments creating sustainable growth
SCHOTT AG, a leading international specialty glass and technical ceramic materials manufacturer, based in Mainz, Germany, has delivered record results for its fiscal year ended September 30, 2018, providing a strong impetus to future growth. The company achieved a return on sales of 13%, posting a record net profit of USD $247 million.
Speaking during the results presentation, CFO Dr. Jens Schulte pointed out that: “Equity has increased from 32% in 2015/2016 to a ratio of 35%, which means that we have reached a very solid level. 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.” 

US market delivers strong results

North American sales were particularly strong, growing by 4.9% to USD $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,” commented Dr. Frank Heinricht, Chairman of the Board of Management, speaking at the annual results press conference today (16. January).

Greg Wolters, President SCHOTT North America Inc., commented: “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. Strong market areas for us include Defense, Pharmaceutical Packaging and Home Appliances.”  

Innovation continues to drive growth

The main growth drivers in terms of products were syringes made of glass and polymer, pharmaceutical glass for pharmaceutical packaging, components made of ZERODUR® glass-ceramic for astronomy and for the lithography of display glass surfaces, and CERAN® glass-ceramic cooktop panels. Employee numbers rose to 15,485, while investments in property, plant and equipment amounted to USD $220 million. Overall sales growth of 6.3% was adjusted for strong currency effects. 

The innovation pipeline at SCHOTT was also further expanded, with products with special growth prospects including specialist glasses for augmented reality applications, chemically hardened display glasses for smartphones, and pharmaceutical glass, which offers producers of pharmaceutical packaging more security with 100% inspection.

Outlook for fiscal year 2018/2019: SCHOTT remains on course for growth

SCHOTT intends to continue its course of sustainable, profitable growth in the current fiscal year. In a stable environment, the company expects Group sales to increase by 3-6% and earnings to remain stable at a high level.
Investments in property, plant and equipment are also expected to increase sharply to around USD $357 million across the business, with planned growth achieved with both proven and new products. These include optical glasses, innovative pharmaceutical packaging and thin glasses for smartphones. “SCHOTT offers key components for global megatrends such as healthcare, mobility and energy and our broad portfolio opens up good prospects for the current fiscal year and beyond,” concluded CEO Dr. Heinricht.

SCHOTT operates six manufacturing facilities in the US, as well as a R&D center in Duryea and a corporate center in Elmsford, New York. 

SCHOTT is a leading international technology group in the areas of specialty glass and glass-ceramics. The company has more than 130 years of outstanding development, materials and technology expertise and offers a broad portfolio of high-quality products and intelligent solutions. SCHOTT is an innovative enabler for many industries, including the home appliance, pharma, electronics, optics, life sciences, automotive and aviation industries. SCHOTT strives to play an important part of everyone’s life and is committed to innovation and sustainable success. With more than 15,500 employees at production sites and sales offices in 34 countries, the group has a global presence. In the 2017/2018 fiscal year, SCHOTT generated sales of $2.47 billion.
Key figures US
Press contact
SCHOTT North America, Inc.
Rina DellaVecchia
555 Taxter Road
Elmsford, NY 10523
Phone: 914-831-2286
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