Port of South LouisianaTBA GroupViganCimbriaTOC Europe 2023The Wolfson Centre for Bulk Solids Handling Technology
  • TBA Group
  • Cimbria
  • Van Aalst
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Vigan
  • TOC Europe 2023

Top-line regional growth and end-markets drives Schenck Process profit

Top-line regional growth and end-markets drives Schenck Process profit

(Posted on 11/11/21)

Driven by sustained market recovery and further progress in the implementation of its strategic agenda, the Schenck Process Group is building on the strong performance of previous quarters. Despite continued challenges from the Covid-19 pandemic and global supply chain disruptions, the Group achieved a new record order intake of 264m€ bringing the order book to 605m€ by the end of September 2021.

Schenck Process is a leading global provider of sustainable products, integrated solutions, and services in mission-critical applications for bulk materials.

The Group reported sales of 189m€ for the quarter bringing YTD 2021 revenues to 500m€, with double-digit sales growth across both the Original Equipment and the Aftermarket business. All regions contributed to the strong momentum, particularly EMEA (40m€ / up 40%1) and the Americas (97m€ / up 65%1). Despite Covid-19 induced subdued activity in some parts of the Asia-Pacific region, Schenck Process also recorded significant order growth in India.

Supported by the strong topline momentum as well as continued focus on operational efficiency, SPG has increased adjusted EBITDA to 72.1m€ during the first nine month of 2021 translating into strong cash generation and deleverage.

Keith Cochrane, CEO, commented: “Against the backdrop of the ongoing pandemic and other global challenges, our Group has achieved another quarter of strong growth, surpassing the performance of pre-Covid times in terms of order intake, sales and profitability. By effective execution of our strategy, we are seeing good momentum across our strategic focus areas. With an order book in excess of 600m€, I am confident that we will close 2021 with a record result and have the platform to support further growth into 2022.”

Headquartered in Darmstadt, Germany Schenk has around 3,000 employees with a presence in over 21 countries across five continents focused on the food and mining market segments, alongside chemicals and performance materials, and infrastructure and energy.

The product offering includes solutions for industrial weighing, feeding, conveying, pulverizing and classification, screening, mixing and blending, and associated digital applications.

Latest News

Call for EU co-legislators to secure clean ammonia production

(Posted on 28/03/23)

Fertilizers Europe has called on EU co-legislators to ensure that clean fertilizer and ammonia production... Read more


BHP and Hatch design study for electric smelting furnace pilot

(Posted on 24/03/23)

BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more


Rio Tinto spends over A$15.3 bn with Australian suppliers

(Posted on 20/03/23)

Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more


Trafigura closes the refinancing and extension of credit facilities

(Posted on 20/03/23)

Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more


Nexyst 360 selects Nexxiot to digitalize 5000 grain containers

(Posted on 07/03/23)

Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more


Cargill strengthens executive team

(Posted on 28/02/23)

Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more


SACE’s Push Strategy to support supplies of commodities to Italy

(Posted on 24/02/23)

Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more


Job losses loom as British steel proposes coke ovens closure

(Posted on 22/02/23)

British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more


Rio Tinto and Marubeni to create stronger Aluminium supply chains

(Posted on 20/02/23)

Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed... Read more


Trafigura completes acquisition of Ecobat Stolberg multi-metals plant

(Posted on 20/02/23)

Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery... Read more


Bühler GmbHSailors SocietyVan AalstIMPA EventsTOC Europe 2023Telestack
  • IMPA Events
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping