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11/4/2018 — General
Scott shows its growth to investors

The investor presentation by Scott Technology Ltd (NZX: SCT) after releasing its impressive financial result showed how global the expansion has been.

Chief executive Chris Hopkins detailed the company’s performance for the six months to February 28 in which the Dunedin-managed company recorded an income of $67.5 million and EBITDA earnings of $6.4 M – an increase of 25% on the corresponding previous period.

Net profit before tax was $4.8 M, up 13% on the corresponding period, and the cash position was $21.7 M with no debt.

Hopkins showed the expanding reach of the company and, from a mining point of view, Rocklabs – based in Auckland – also has offices in Perth, Western Australia, Vancouver in Canada and Santiago in Chile.

One of the key drivers for the short to medium term will be the acquired Alvey Europe operation which is expending its automation offering, advancing technology transfer and offering synergies in markets such as Germany and the United States.

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