Schenck Process with strong start into 2021: Record high in order intake and launch of digital brand
Highlights Q1 2021:
- Order intake 231m€; up 44%; a record high
- Sales 147m€; up 13%
- Adjusted EBITDA 17.2m€; up 34% with improved EBITDA-margin of 11.7% (Q1 2020: 9.9%)
- Baker Perkins, the Group’s recent acquisition, outperforming expectations
Despite the challenges of the pandemic, the Group has made a strong start to 2021 delivering a good Q1 financial performance and effective execution on strategy. Order intake (fx-adjusted) grew across several end markets and regions, most notably food (123%), chemicals & performance materials (83%) and the Americas region (83%). Over 50% of order intake continues to be generated from the Group’s strategic focus markets of food and mining. Looking forward, across all markets and regions, there is a strong project pipeline reflecting the broad-based pick up in business activity.
In Q1 2021 Schenck Process booked additional orders from a leading pet food producer with current expectations of a total order value of over US$150m by year end. The Group also secured further project wins in the chemicals and performance materials markets. In the Chinese polycarbonate industry, Schenck Process achieved a considerable milestone with a first large-scale order from a leading supplier of innovative chemical products.
With a focus on environmental-friendly solutions, the Group supported customers in achieving their sustainability goals. In EMEA, Schenck Process enabled a cement and building materials producer to reduce the fuel supply from coal and CO2 footprint by introducing alternative energy sources.
In March, Schenck Process launched its digital brand Schenck Process NEXT and introduced its IoT backbone CONiQ® Cloud. Both are key drivers to enhance the Group’s digital offerings and leading towards a future of increased connectivity. Further details and updates are available on the Schenck Process NEXT website.
CEO Keith Cochrane commented:
“Despite the challenges of the pandemic, the Group has made a strong start to 2021 delivering a good Q1 financial performance and effective execution on our strategy. I am confident that we can continue to demonstrate the strength of our business model and deliver on our strategy moving forward.”
About Schenck Process
Schenck Process is a leading global provider of sustainable products, integrated solutions and services in mission critical applications for bulk materials. Headquartered in Darmstadt, Germany the Group has 2,800 employees with a presence in over 20 countries across five continents focused on the food, mining, chemicals and performance materials, and infrastructure and energy market segments.
The product offering includes solution for industrial weighing, feeding, conveying, pulverizing and classification, screening, mixing and blending and associated digital applications.
The Group was acquired by Blackstone International in 2017 and generated revenues of nearly €600m for the year ended 31 December 2020.
For further company news and information, please visit www.schenckprocess.com