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INDUSTRY NEWS


The new members of the Group, the Chinese press manufacturer Yadon (as of April 1) and the German toolmaker AWEBA (as of June 30), made a total prorated contribution to consolidated sales of almost € 120 million and to EBITDA of almost € 17 million in 2016.


Noticeable increase in sales and earnings expected for 2017 At the presentation of the company’s annual accounts in Göppingen, Germany, CEO Stefan Klebert stated that: “We are entering the new fiscal year with a strong tailwind from the higher level of new orders. The propensity of our customers to invest in new capital equipment has increased, the dip in sales and new orders from early 2016 is now behind us. The past year also underlined that our decision to acquire the German toolmaker AWEBA and the Chinese press manufacturer Yadon was strategically correct. Both companies open up new markets for Schuler and are making above- average progress.” Schuler expects a noticeable


increase in sales and earnings in the current fiscal year 2017. The improved order position, more favorable cost structures in Germany due to the almost completed pooling of production at four sites, and the first full- year contribution of earnings from Yadon and AWEBA are all expected to provide a positive impetus. With regard to the macroeconomic conditions, Schuler expects largely stable GDP growth for Europe and China in 2017, and even an acceleration of growth in the USA.


Growth program launched In America, Schuler revived its own traditional brand BLISS in 2016 and has already enjoyed initial success with a new machine generation. “All in all, we aim to accelerate Schuler’s growth in the coming years,” said CEO Klebert. “With our growth program “We


Schuler Group at a glance (IFRS) 2016 Sales New orders Order backlog


EBITDA (without SI/with SI 2015) EBIT (without SI/with SI 2015) EBT (without SI/with SI 2015)


€ million € million € million € million € million € million


EBITDA margin (without SI/with SI 2015) % Group profit


Total statement of financial positions Shareholders’ equity Equity ratio


Net financial status Employees incl. apprentices


go for 20.2”, we are aiming above all to shorten time-to-market for innovations and to tap new customer groups with new products.” Including possible acquisitions, the target is to reach a sales corridor of around € 2 billion by 2020. An important innovation driver is the further digitization of metalforming technology. In 2016, Schuler unveiled its Smart Press Shop to address this issue. It showcases digital solutions for the networking of forming technology which increase both the process reliability and economic efficiency of production for Schuler’s customers.


Mid-range market segment and e-mobility offer future potential With regard to products, Schuler is targeting the world’s fastest growing segment – mid-priced press lines. Yadon’s technologies and Schuler’s own new developments, like the soon-to-be-launched MSP 400 press, both play an important role in this strategy. At the same time, Schuler has entered the new market of electromobility. Corresponding orders from


www.internationalmetaltube.com IMT March 2017 9


€ million € million € million %


€ million € million


a leading electric vehicle manufacturer and the German traditional brand Borgward, as


1,174.2 1,199.5 1,013.1 122.6 95.4 95.1 10.4 77.4


1,361.3 438.4 32.2 116.3 6,617


SI = special items affecting income from the implementation of restructuring programs 2015


well as from the South Korean battery manufacturer Samsung, are currently being processed.


2015


1,200.0 1,015.7 894.7


138.8 / 70.9 115.7 / 43.1 116.6 / 44.0 11.6 / 5.9 39.3


1,074.5 369.1 34.3


281.3 5,167


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