Seems Scott Technology is forgotten on this forum, so we better put that right with this update highlighting a 42% drop in Net Profit.
https://www.nzx.com/announcements/429655
• Group revenue is up 11% to $141m, margins maintained at 26% with a focus on both core and service, supported by improved delivery of rest of business.
• Sales and service in Scott's three core sectors delivered 85% (+8ps) of group revenue.
• Operating EBITDA increased 14% to $17m, outpacing revenue growth.
• Net profit after tax was down 42% to $4.5m due to one-off strategic review costs, higher lease and financing costs.
• Forward work of $161m remains positive, comprising of MHL, minerals, protein orders and service agreements.
• An interim dividend of 5 cents per share was declared, up from 4 cents in H1 F23.
Interesting move by SCT
https://www.nzx.com/announcements/432210
A key driver of this investment is the expansion of its world leading BladeStop safety bandsaw product line to include the T300, a saw specifically designed for the instore meat cutting of the supermarket sector. Independent research indicates that the total addressable market for the T300 retail saw in the U.S. is approximately 25,000 units which includes leading retailers such as Albertsons and Kroger.
In addition to the BladeStop expansion, Scott Technology's proprietary Poultry Trusser product has gained significant traction in the market. Sales have been secured with three of North America's largest poultry processors, demonstrating strong market adoption. Despite this success, there remains a substantial untapped market for this product.
"With Scott's strong pedigree of bringing world-leading automation technologies to market, we continue see large opportunities ahead in the North American red meat and poultry sectors. The poultry trussing product is well into its commercialisation phase with orders building upon the early rollouts into the Costco processing network. Our recently released T300 BladeStop saw is now being launched into the leading US supermarket chains where retailers undertake meat cutting activities instore" commented John Kippenberger, Scott Technology Chief Executive.
Slight upgrade and cunning plans for the future to roughly double revenue by 2030.....
https://www.nzx.com/announcements/458533
SCT a much easier and more meaningful read than SPK's cunning plan which managed to avoid predicting 2030 revenue!? https://www.nzx.com/announcements/458552
FY 25 Result out. Looks pretty good despite flat revenue. Lots of future hope/hype....
https://www.nzx.com/announcements/461162
Financial Highlights
• Group revenue: $275m in-line with FY24.
• Second half revenue growth of 13% offsetting softer first half.
• Service revenue contribution: $80m, 29% of total revenue (up from 28% in FY24).
• Group net margin improved to 29%, from 27% in FY24.
• Record EBITDA: $31.5m, up 19% from $26.4 million in FY24.
• NPAT: $14.2m up 84% from $7.7m in FY24.
• Operating cash flow improved to $22.3m, compared with $6.0m in FY24.
• Net debt reduced to $12.3m, reflecting improved cash flow and disciplined capital management.
Variations of 'improve' mentioned 14 times so things must be on the improve
And an 'inflection point' has been reached