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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Good Spirits Hospitality Limited (NZX: GSH) Half Year Results to 31 Dec 2020
NZ Automotive Investments Limited (NZX: NZA) FY21 Earnings Guidance
T&G Global Limited (NZX: TGG) 2020 Full Year Results
Vista Group International Limited (NZX: VGL) Vista Group in the Box Seat for the Future of Movies
Private Land and Property Fund (NZX: PLP) Change in Harvest Estimates
Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits