Record sales

Press manufacturer Schuler AG says it raised sales and earnings to record levels in 2017.

The company posted consolidated sales of €1.23bn (prior year € 1.17bn) with particularly strong growth in North America and China. Compared with the previous year (€123m), the operating result (EBITDA) rose to €141m. As a ratio of sales, this corresponds to a margin of 11.5% (10.4% in 2016). There were important contributions to the successful annual financial statements from the two strategic investments in Yadon and AWEBA (included in the full-year consolidated figures for the first time).
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