Scott Tech’s bet on big markets paying off

CEO John Kippenberger says easing pressures in the markets supported Scott’s growth. (Image: Scott Tech)

Thu, 19 Oct 2023

Scott Technology has posted another year of financial growth, continuing to build on its strategy of productising its technology and focusing on expanding in large markets.The group's revenue for the financial year ending August 31 2023, was up 21% to $268 million, and margins grew from 24% to 27%.Net profit was also up 21%, to $15.4m.Operating earnings before interest, taxes, depreciation, and amortisation (Ebitda) increased 27% to $30.4m.The board approved a second-half unimputed dividend of 4 cents per share (cps), bringing the full...

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