GERMANY – The Italian producer of technology solutions for the woodworking industry announced record 2015 results during a press conference held March 17 at the Holz-Handwerk trade fair in Nuremberg, Germany. 

SCM Group’s total revenues exceed €500 million mainly due to the extraordinary performance of its Woodworking Division, with sales topping €380 million. This performance confirms SCM as the world’s second largest player in the industry after Homag and surpassing to Biesse.

“We are extremely pleased with the 2015 results. We closed the year with over 500 million Euro in sales, a 10% growth compared to 2014, and with 56 million of gross operating margin, a net profit of 17 million and debt down to zero,” said Andrea Aureli, CEO of SCM Group. “We also recorded significant achievements in overseas markets, which account for 90% of our business. We opened three new branches in Dubai, Kuala Lumpur and the U.S. West Coast, expanding our already widespread international network.”

“With our Woodworking Machinery Division – whose offering addresses the entire secondary wood processing sector, with a market value estimated at 3,300 million Euro – we have reached a turnover exceeding 380 million Euro, a brilliant result which places us as the second player in the sector. The Division’s turnover has increased by 23% compared to 2014, with over 17,000 machines sold,” explained Luigi De Vito, Director of the SCM Group Woodworking Machinery Division.

Mr. De Vito added, “The top performers are without a question two technologies: all models of our machining centers and our edgebanders achieving over 30% in orders total growth. Without forgetting a 16% rise in orders for our classic machines, all while our competitors are reporting declining sales. Regarding specific markets, we are proud of our growth in the Western European area, a +40% surge, with Italy leading the way with +70%; followed by the Asia & Pacific markets, with a +60% growth.”

Another great success mentioned during the press conference was that of their Engineering Division, which focuses on designing and building large integrated lines and systems, which recorded a 30% growth rate in 2015.

Mr. De Vito also listed the major investments the Group plans to make in the coming years: “We will continue to invest heavily in international markets, particularly in emerging markets such as the Asian Far East, in order to accompany our customers more closely. Another market which the Group has been studying with great interest is the wood construction industry, in which, according Mr. De Vito, “our CNC machining technologies are the jewels in our crown thanks to their machining versatility and reliability, and in which we are committed to continue investing in both product development and distribution.”

The SCM Group headquartered in Rimini, Italy, includes 20 overseas branches, 3 main production centers in Italy with total area of 600,000 square meters, and over 3,000 employees, 1,000 assistance technicians and over 350 distributors and agents operating in 120 countries.