Schott has seen its business develop well during the first four months of the fiscal year 2010/2011 (to end Jan). "We expect sales to remain at a high level & consolidated net income to continue to improve for the fiscal year as a whole," Prof. Udo Ungeheuer, Chairman of the Board of Management, stated at the company's annual results press conference held in St. Gallen, Switzerland. Schott has thus continued its positive development after emerging from the economic crisis. Sales revenue rose by 26% to EUR 2.85BN (2.26BN) already during the past fiscal year 2009/2010. All of the divisions, but most notably solar, special glass tubing, pharmaceutical packaging & specialty glass products for building & safety technology, contributed to this positive development. The share of international sales, (manufacturing & sales from outside Germany), rose 4% to 77%. Profit from operations (EBIT) came in at EUR 263M (08-9 loss EUR 22M) & underscores how well the operational business has been developing. Consolidated net income amounted to EUR 108M. Cash flow from operating activities improved to EUR 415M (EUR 199M). The number of employees as of the balance sheet date, 30 September 2010, remained almost constant at 17,468. "Thanks to our economic success during this past fiscal year, we were able to recognize the outstanding performances & unique commitment our employees have shown by offering extra bonuses," Prof. Ungeheuer told media representatives.
