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WIRE
4/2008 September
 
 

SMS group achieves record business

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Düsseldorf/Germany (SMS Group) – The SMS group, a group of leading companies in metallurgical plant and rolling mill technology as well as tube, long-product and forging technology, increased its order intake by some 60 percent to EUR 5,142 million (previous year: EUR 3,235 million) in business year 2007. Sales reached around EUR 2,937 million (previous year: EUR 2,826 million).
At EUR 176 million, the group’s pre-tax result was double the previous year’s figure (2006: EUR 85 million).
On average over the year, a worldwide total of 7,613 employees (previous year: 8,999) worked for the group. The reduction on the previous year’s total is due to the sale of the plastics machinery construction business, an area the SMS group pulled out of completely. Now the focus is squarely on its core business of metallurgical plant construction. In 2007, another 520 employees were hired in this area. The group plans to create 700 extra jobs in 2008 – mainly for qualified engineers.


 
 
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