SCM Group revenues exceed EUR380 million in 2015

The SCM Group held its press conference at the 18th Holz-Handwerk trade fair in Nuremberg, Germany. Total revenues exceeded  EUR500 million in 2015. The Woodworking Division recorded an extraordinary performance, with sales topping EUR380 million, confirming the Group’s position as the world’s second largest player.

“We are extremely pleased with the 2015 results. We closed the year with over 500 million Euro in sales, a 10% growth compared to 2014, and with 56 million of gross operating margin, a net profit of 17 million and debt down to zero,” said CEO Mr Andrea Aureli.

“We also recorded significant achievements in overseas markets, which account for 90% of our business. We opened three new branches in Dubai, Kuala Lumpur and the U.S. West Coast, expanding our already widespread international network.”

Mr Aureli also stressed the importance of investments the Group intends to make as part of its 2016-2018 business plan: “Our 2016 – 2018 business plan is to continue to make significant investments in R&D to fill market needs. These investments, along with our unique ability to identify the specific needs of our customers, give us the power to develop effective business solutions.”

Mr Luigi De Vito, director of the Woodworking Machinery Division, presented the outstanding results:

“With our Woodworking Machinery Division – whose offering addresses the entire secondary wood processing sector, with a market value estimated at 3,300 million Euro – we have reached a turnover exceeding 380 million Euro, a brilliant result which places us as the second player in the sector. The Division’s turnover has increased by 23% compared to 2014, with over 17,000 machines sold.”

Mr De Vito explained that behind this growth “The top performers are without a question two technologies: all models of our machining centres and our edgebanders achieving over 30% in orders total growth. Without forgetting a 16% rise in orders for our classic machines, all while our competitors are reporting declining sales. Regarding specific markets, we are proud of our growth in the Western European area, a +40% surge, with Italy leading the way with +70%; followed by the Asia & Pacific markets, with a +60% growth.”

Mr De Vito also listed the major investments the Group plans to make in the coming years: “We will continue to invest heavily in international markets, particularly in emerging markets such as the Asian Far East, in order to accompany our customers more closely.”

Another area of interest is the wood construction industry, which will continue to be developed both in terms of product development and distribution.

Mr De Vito also confirmed the Group’s commitment to R&D, whereby 5% of sales is invested in new developments annually.

Another success the Group is proud of is that of the Engineering Division, which focuses on designing and building large integrated lines and systems. The Division recorded a 30% growth rate in 2015.