ENP Newswire -
Release date- 19022014 - Mainz - The international technology group SCHOTT looks back on a difficult but, nevertheless, satisfactory fiscal year 2012/2013.
'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
Besides the positive results of continued operations that amounted to
Group sales declined by 2.3 percent to
The company's regional distribution between
R&D spending increased by 9 percent
SCHOTT is growing faster than the market in the area of pharmaceutical packaging
The 'Pharmaceutical Systems' division remained on its growth course. This includes mainly special glass tubing and primary pharmaceutical packaging, such as syringes, vials, ampoules, and cartridges. As the only manufacturer of pharmaceutical packaging that operates its own production facilities in both mature and fast-growing emerging markets (
'In total, we are growing faster than the market,' Dr. Heinricht reported. Each year, SCHOTT manufactures more than nine billion packaging units made of specialty glass and plastics on more than 800 production lines in 13 countries.
The Home Tech division with its strong brands Ceran glass- ceramic cooktop panels and Robax fireplace viewing panels is also of importance and developed at a different pace from region to region. While stable market growth was achieved in
SCHOTT hopes to send new signals to the market by launching white cooktop panels that will be available in three different shades as trend colors for the kitchen. SCHOTT is the first manufacturer of fireplace viewing panels to use a special technology to produce panels with more than two bending edges. This offers fireplace designers and manufacturers completely new design options, and fireplace owners a much better panorama view of the fire.
Search for a partner for the 'Concentrated Solar Power' division
With respect to the 'Concentrated Solar Power' (CPS) division, Dr. Heinricht described the market conditions as difficult. With its receivers, SCHOTT supplies the core element for use in this technology for generating power by way of solar thermal parabolic trough power plants. 'Our goal is to enter into a strategic partnership in this field. In fact, we are even willing to consider selling the majority of our shares,'
Dr. Heinricht explained in reference to the company's plans for the future. In this respect, CSP was accounted for as a 'Result of discontinued operations' in the profit and loss statement and financially reclassified to 'held for sale.' The previous year was also adjusted accordingly.
Cautious optimism for fiscal year 2013/2014
SCHOTT still assesses the framework conditions for the current fiscal year to be difficult due to the uncertain development of the world economy, the current weakness of the currencies of many emerging countries, and the ongoing European debt crisis. 'Nevertheless, we still feel that we are well prepared for this volatile market,'
Dr. Heinricht emphasized. He also added that SCHOTT will make even better use of its broad product portfolio as the company continues to realign its activities and thus be able to take advantage of future growth opportunities. As Dr. Heinricht put it: 'Our goal is to achieve sustainable profitability.'
Based on how business has developed during the first months of this year, SCHOTT expects group sales to increase by between 4 and 6 percent in fiscal 2013/2014, adjusted for currency effects, and higher EBIT than in the previous year. The group expects profit for the year in the double digit million euro range.
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SCHOTT is an international technology group with more than 130 years of experience in the areas of specialty glasses and materials and advanced technologies. SCHOTT ranks number one in the world with many of its products. Its core markets are the household appliance, pharmaceutical, electronics, optics and transportation industries. The company is strongly committed to contributing to its customers' success and making SCHOTT an important part of people's lives with high-quality products and intelligent solutions.
SCHOTT is committed to managing its business in a sustainable manner and supporting its employees, society and the environment.
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With adaptiQ, SCHOTT is now launching a patented system for ready-to-use pharmaceutical vials. As many as 100 vials are securely fixed inside a holder and thus prevented from coming into contact with each other.
Ultra-thin, transparent, and on a roll: SCHOTT is currently the only company in the world that is capable of manufacturing a flexible glass that is only 100-25 micrometers thick.
Thanks to special manufacturing technologies, the weight of the ultra-light ZERODUR mirror substrate that is 1.2 meters in diameter can be reduced by up to 90% without sacrificing any of its excellent product properties.
The fire test performed on NOVOLAY secure glass laminates that had already been subjected to gunshot and explosions clearly shows that, even in their damaged condition, these panes are capable of withstanding fire for more than 60 minutes.
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