Schuler annual balance sheet
Earnings below previous year, incoming orders grow
Schuler has published its 2018 annual results. Trade conflicts, one-off effects and price pressure put pressure on the result. At 1.212 billion euros, the press manufacturer's turnover is below the previous year's level (1.220 billion euros). At 13.5 million euros, the result is significantly below that of 2017 (67.4 million euros). Schuler cites capacity adjustments within the Group and write-downs on the goodwill of the die manufacturing subsidiary Aweba as the reasons for this. Order intake developed positively, rising from 1.141 billion euros in 2017 to 1.255 billion euros. The company's equity ratio increased from 38.1% to 40.1%.
In the past,Schuler has had to contend with falling order intake and loss-making business units. The latter are now being systematically reviewed and, if necessary, wound up. Innovations are also to be geared more closely to customer requirements in order to prevent expensive technical oversizing and to remain competitive in terms of price. With new mechanical presses in the mid-price segment and the systematic digitalization of key product lines, the company aims to gain additional market share from 2019.
The "Smart Press Shop" joint venture with Porsche can also be seen as a step in this direction. Starting this year, the press specialist is working with the car manufacturer to build a modern press shop for digitized car production. The production plant is scheduled to go into operation in 2021. The aim is to supply the Porsche plant in Leipzig in particular with body components with minimal logistical effort and the lowest possible environmental impact.
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