SCHOTT increases sales in India and plans record investments

SCHOTT AG, leading international specialty glass and technical ceramic materials manufacturer, has continued on its growth course in the fiscal year 2018 – 19 (1 October 2018 to 30 September 2019). Its key financial figures developed positively or remained at a solid level from the previous year. SCHOTT is one of the world‘s leading suppliers of pharmaceutical packaging. The company produces more than 11 billion pharmaceutical packaging units annually. Photo: SCHOTT “We are pleased with the past fiscal year. We were able to meet our forecasts from last year and continued the positive business development of previous years despite the difficult global economic situation,” emphasized Dr Frank Heinricht, chairman of the Board of Management, at the Annual Results Press Conference. According to the press statement, the international technology group managed to increase its sales by 5.1% to around EUR 2.2 billion (approximately Rs 1.5 trillion). The operating result (EBIT), which now stands at EUR 275 million (approximately Rs 2000 crore), also improved at a consistent rate, resulting in a consolidated net profit of EUR 206…

Choose your subscription to read more