Scott Tech sees lumpy recovery in global market

Tue, 07 Jul 2020

Scott Technology is seeing an uneven recovery in its global markets, with the Asia Pacific returning to normal more rapidly than in the US and Europe.Still, the robotics and automation firm expects its earnings in the 12 months through August to face a material hit from the covid-19 pandemic, including the cost of restructuring its global business.Scott said while results will be influenced by the pandemic, there are signals that revenue streams are returning to normal as a number of projects come back online. In Australia, Scott has...

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