117th General Shareholders’ Meeting of Schulte-Schlagbaum AG: Stable figures and positive forecast for the corporate group
On the 117th ordinary general shareholders’ meeting of Schulte-Schlagbaum AG on 27/6/2018 in the Historische Stadthalle Wuppertal, the Chairman Peter Pongratz presented some positive figures: The group of companies headquartered in Velbert achieved an operating result of € 1.3 million. Revenues totalled € 47 million, up 2% year-on-year.
In 2017, sales in the “Locks and Strike-Plate Systems” division were almost at the previous year's level and thus well below expectations. This result was due to bottlenecks from unplanned machine breakdowns and the resulting delays in the commissioning of newly purchased production units.
The 117th general shareholders’ meeting of Schulte-Schlagbaum AG took place in the Historische Stadthalle Wuppertal.
The positive growth initiated in 2016 was unable to continue with the same momentum in the “Locking Systems for Doors and Furniture” division. The sales level of the previous year was almost reached, but targets were clearly missed. The export business, meanwhile, experienced another very successful year with sales growth of almost 10%. The SAFE-O-TRONIC® access LS and SAFE-O-TRONIC® access DS product lines were the main sales drivers in addition to the long-established SAFE-O-MAT® line, while older, discontinued product lines continued to decline in importance. Furthermore, in 2017, the newly developed SAFE-O-TRONIC® access LSW radio-controlled locker lock system became successfully established in the market.
CEO Peter Pongratz presented the operating results of the past year.
With a sales increase of around 9% in 2017, the positive trend from 2016 continued for the “Guest Management Systems” division. eccos pro gmbh was able to win numerous private and public-sector tenders concerning access and billing systems in the leisure sector with its established and constantly updated core product mafis®. This led to sales growth of almost 10%, which resulted in earnings that were well above expectations. novacom software gmbh once again exceeded the record achieved in 2016 thanks to sales growth of almost 12%. In 2017, edv-service schaupp gmbh was unable to match the successes of recent years in terms of both sales and earnings. All in all, system houses proved to be a solid pillar in 2017, contributing to results by significantly exceeding the previous year’s EBIT.
CEO Peter Pongratz sees the course set for the lasting success of the corporate group Schulte-Schlagbaum AG.
At the Swiss subsidiary STS Systemtechnik Schänis, the Punching Technology and Fastening Technology divisions contributed significantly to the results of the past financial year, with growth of over 7%.
“All of this gives us reason to continue to look positively towards the future”, says Peter Pongratz. “Even if the rate of positive growth of the last two years slows down in 2018, we will keep to the path and measures we have chosen in order to sustainably and successfully develop the company with all of the employees of the Schulte-Schlagbaum Group.”
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