Thanks to an increase in demand, particularly in the Asian growth markets, and its own successful efforts, mainly those aimed at lowering spending, the company was able to exceed its sales and earnings targets quite significantly.
Sales revenue rose by 26% to today’s figure of 2.85 billion euros (previous year: 2.26 billion euros). All of the divisions also contributed towards this development. Profit from operations (EBIT) came in at 263 million euros (previous year: a loss of 22 million euros) and underscores how well the operational business has been developing. The number of employees remained nearly constant at 17,468 (previous year: 17,396).
“We relied on our power of innovation, broadly diversified product portfolio, leading position in the market in many fields and the effectiveness of our management instruments in a difficult environment. The result is really quite impressive. SCHOTT has emerged from the crisis as a stronger company all over the world,” said Prof. Udo Ungeheuer, Chairman of the Board of Management.
Thanks to its economic success, the company will be able to reward its employees for their outstanding performances and unique commitment at the end of the year. Our non-exempt employees in Germany will be receiving a Christmas bonus of 150 percent of a monthly salary. The company will also be rewarding its exempt employees and workforce outside of Germany to a similar extent.
SCHOTT will be presenting its annual financial statement 2009/2010 and providing an outlook on its current fiscal year at its annual results press conference that will be held in St. Gallen, Switzerland, on February 11, 2011.
SCHOTT is an international technology group that sees its core purpose as the lasting improvement of living and working conditions. To this end, the company has been developing special materials, components, and systems for more than 125 years. The main areas of focus are the household appliances industry, pharmaceuticals, solar energy, electronics, optics, and the automotive industry. The SCHOTT Group is present in close proximity to its customers with production and sales companies in all its major markets. The Group’s approximately 17,400 employees generated worldwide sales of approximately 2.9 billion Euros in the fiscal year 2009/2010. The company's technological and economic expertise is closely linked with its social and ecological responsibility. The SCHOTT AG is an affiliate of the Carl-Zeiss-Stiftung (Foundation).