Scott Technology reports stable profit amid challenges

Scott Technology has reported stable net profit for the six months ended Feb 28, 2025, despite challenging market conditions and lower order intake.

The company's executive team, led by new chief executive Mike Christman, is currently working on a new 2030 strategy, which will be presented at an upcoming investor day.

Scott Technology's forward work remains robust at $165 million, with a strategic focus on higher-margin contracts.

The company's revenue for the period was $122m, down 14% from the same period last year, while operating ebitda decreased by 27% to $12.2m.

However, group margin performance improved to 29%, and net debt was reduced by 35% to $13.2m.

An unimputed interim dividend of 3 cents per share has been declared.