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Balance sheet press conference of the Schmidt + Clemens Group

Jan Schmidt-Krayer and Dr. Henning Kreisel

Jan Schmidt-Krayer and Dr. Henning Kreisel

The Lindlar-based Schmidt + Clemens Group (S+C) today presented its results for the past financial year. The 2011 financial year was not an easy one for the Group, but succeeded in closing with a satisfactory result. In a very mixed market environment, sales turnover grew by 24% to €289 million (previous year: €233 million). Profits, however, fell short of expectations. With a figure of €124.4 million, the balance sheet total remained largely unchanged (previous year: €124.8 million).

“A major contributor to the success of the business was once again the Spun Casting Division, which especially in the petrochemicals business is excellently placed,” reports Jan Schmidt-Krayer, Managing Partner of S+C. “Märker GmbH, which already ended the previous year on a successful note, was also able to reaffirm its upward trend in 2011.”

“Following two weaker years, the revenues saw a recovery,” states Dr. Henning Kreisel, Managing Director of the Group. “While we managed to increase sales of the Group by 24 percent, the margins failed to match our expectations. With the start of the current year, however, this situation has also changed. Especially in Spun Castings, business in the first quarter was running at full power, and the results, too, are on a reasonable level“. Jan Schmidt-Krayer is also looking with optimism into the future: “Our capacity utilisation is currently very good, and the current level of inquiries is highly promising.”

The very mixed and, in some cases, unpredictable economic developments of the year 2011 endorse the strategy adopted by the Schmidt + Clemens Group. “Rather than working as classical producers and processors of stainless steel, all our companies are growing into problem solvers with a high level of engineering and service skills and know-how,” Mr. Schmidt-Krayer points out. “This course is also optimally supported by our R&D Division which, through the development of new, innovative materials, is helping us to optimise our existing applications and move into new market segments.“ Thus, Schmidt + Clemens will be presenting not just one but two new materials at international trade shows that are scheduled in the near future: IFAT Entsorga in Munich and the ACHEMA in Frankfurt.

“At the start of 2012, we placed our existing mission statement under the spotlight and took a critical look at what we have achieved and where we still need to improve,” Jan Schmidt-Krayer additionally reports. “The results have been incorporated into our new mission statement. A special focus in future will be on the human resources segment.”

Schmidt + Clemens is a leading producer of stainless steel components. The key sales areas of the Group are petrochemicals, separation technology, energy engineering, the pumps industry, and the extrusion and rolling sectors.

The Schmidt + Clemens Group employs over 1000 people worldwide (including around 600 in Germany), and in addition to its headquarters in Germany, has production facilities in Brazil, Spain, Great Britain, the Czech Republic, Malaysia and the Kingdom of Saudi-Arabia. The Group also operates a service centre for extrusion products in China. As well as vertical and horizontal spun castings, the Group also produces moulded castings. It also makes forgings for the extrusion industry and the plant and mechanical engineering sector. Rolls for a wide range of applications are produced by the Group’s British subsidiary, S+C Bowers & Jones Ltd.

Schmidt + Clemens GmbH + Co. KG
Lars Niemczewski, Press Spokesman
Kaiserau 2
51789 Lindlar, Germany
Email: presse(at)schmidt-clemens.de
www.schmidt-clemens.com

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