Scott Technology Limited (NZX: SCT) Announces FY20 Results

Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT ), has today released its financial results for the year ended 31 August 2020 (FY20).

The results for the year ended 31 August 2020 reflect the material impact of COVID-19 on the business, the close out of several challenging legacy projects, the restructuring and write down of non-core assets as a result of Scott’s new strategy.

In May 2020, Scott announced its new ‘Engineering Scott to High Performance 2025’ strategy, which is focused on positioning Scott as the first choice for customers around the world wanting smart automation and robotic solutions which make their businesses safer, more productive and more efficient. The strategy identifies five foundations to achieve profitable growth and a number of goals have been set under each of these. Scott is pleased to report that, despite the disruptions of the global pandemic, the team has made important strides forward on this strategy.

See the links below for more details:

Scott Announces FY20 Results

Scott Annual Report 2020

Scott Technology FY20 Results Investor Presentation

NZX Results Announcement

Source: Scott Technology Limited

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