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SCHOTT Eyes U S Growth Strategy as Sales and Earnings Increase In 2020

Posted on 198 The international specialty glass group SCHOTT increased its global sales by 2.2% in 2020 to reach $2.5 billion, and the company delivered positive performance for other key financial benchmarks despite the COVID-19 pandemic. The company also improved operating profit (EBIT), recording $320 million. The number of employees rose to around 16,500, of which about 1,200 are in the United States. About 20% of global sales were attributable to the U.S. region, making the U.S. the top selling country for SCHOTT. Pharma & Home Appliance Lead U.S. Growth U.S. sales increased despite the challenges of 2020, led by the company’s pharmaceutical packaging unit and its home appliance unit. The home appliance market dipped at the beginning of the pandemic, but rebounded as Americans spending more time at home invested in their living environments.

SCHOTT Eyes U S Growth Strategy as Sales and Earnings Increase In 2020 – Consumer Electronics Net

2 months ago Results: Despite economic headwinds caused by COVID-19, SCHOTT’s U.S. businesses grew in 2020, driven by strong performance in its pharma and home appliances segments Climate protection: 100% of energy needs now covered by green electricity at U.S. facilities Outlook: SCHOTT will continue to focus on the U.S. as a strategic growth priority RYE BROOK, N.Y.–(BUSINESS WIRE)–The international specialty glass group SCHOTT increased its global sales by 2.2% in 2020 to reach $2.5 billion, and the company delivered positive performance for other key financial benchmarks despite the COVID-19 pandemic. The company also improved operating profit (EBIT), recording $320 million. The number of employees rose to around 16,500, of which about 1,200 are in the United States.

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