Scott Tech reviews business structure

Mon, 20 Apr 2020

Scott Technology has put capital spending on hold, is negotiating for rent relief and is reviewing its business structure to position it for longer-term recovery.The robotics and automotive solutions company, which also delayed the release of its half year results by a month to end of May, said travel and access restrictions have affected its ability to implement a number of projects.It expects FY20 earnings to be materially impacted, although it said it had “satisfactory debt facilities in place” as well as the support from majorit...

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