INDUSTRY NEWS
Strong increase in orders received by Schuler in 2016
• Acquisition of Yadon and AWEBA strengthens Group profit • EBITDA margin remains in double figures at 10.4 percent in 2016 • Digitization and e-mobility driving growth
Yadon – already made a positive contribution to growth and earnings in their first year. The global market leader based
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in Göppingen, Germany, posted strong growth above all in new orders (+17.6 percent) and order backlog (+13.5 percent). Over the
8 IMT March 2017
he two subsidiaries acquired by press manufacturer Schuler AG in 2016 – AWEBA and
year as a whole, the company received orders worth € 1.20 (prior year: € 1.02) billion. As of December 31, 2016, the order backlog had risen to € 1.01 (€ 0.89) billion. After a slow start, consolidated sales were almost on a par with the previous year at over € 1.17 (€ 1.20) billion. The operating result (EBITDA) of € 122.6 million was well above the unadjusted prior-year figure of €
70.9 million. Adjusted for special items
of around € 73 million for the restructuring of production in Germany, Schuler had posted a record EBITDA result of € 138.8 million in 2015. Earnings in 2016 were bolstered by special income of € 13 million from winding up the restructuring concept. Including this income, the EBITDA margin – a measure of the company’s
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profitability – once again reached double figures in 2016 at 10.4 (prior-year adjusted: 11.6) percent, and was thus amongst the highest in the German engineering industry. Schuler’s pre-tax earnings of € 95.1 million in 2016 were well above the unadjusted prior-year figure of € 44.0 million. Adjusted for restructuring effects, the figure in 2015 was € 116.6 million.
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