Scott Technology Secures NZ$20 Million in Materials Handling, Logistics Contracts

MT Newswires Live

Aug 18

Scott Technology (NZE:SCT) has secured about NZ$20 million in materials handling and logistics contracts across North America and Europe, supporting its Destination 2030 growth strategy, according to a Tuesday filing with the New Zealand bourse.

The contracts include a major end-of-line automation project in North America's frozen potato processing sector, an extension project for a leading Belgian snack food producer, and an expansion of an existing installation for a major fresh produce company in the Netherlands, per the filing.

The deals strengthen the company's position across key fast-moving consumer goods sectors, expand its installed base, and create additional opportunities for Lifecycle Services, the filing said.

Revenue from these contracts is expected to be recognized primarily in fiscal 2027 and beyond, supporting the company's Destination 2030 strategy of achieving NZ$530 million in annual revenue and a 14% earnings before interest, taxes, depreciation, and amortization margin by 2030, the filing added.

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