SMS right on track with turningmetalsgreen mission
SMS has a key role to play in the worldwide efforts to decarbonize the steel and metals industry. With the construction of the first climate-neutral steel plant in Sweden for H2 Green Steel and the transformation of thyssenkrupp Steel’s iron and steel mill in Duisburg, SMS group has recently signed two major orders with a combined volume of over 3 billion euros within just a few months. ‟Our mission is #turningmetalsgreen. The latest mega projects are testament to our leading market position and, going forward, enable us to strike a careful balance in the order structure between equipment and service contracts. Since the green transformation is closely linked to services and digital solutions for more sustainable plants, our strategy in recent years has set the right course for successful business growth,” says Burkhard Dahmen. Innovation Hub establishedIn the past year, SMS increased its investment in innovation to 129 million euros (previous year: 96 million euros). In order to speed up product development in the fields of decarbonization and environmental technologies in particular, we created our Innovation Hub. In recent years, SMS has successfully transferred its core technological expertise in metallurgical plant engineering to new business areas by setting up the two joint ventures Primobius (battery recycling) and BOXBAY (port logistics).
Both companies have lately been able to prove their market maturity by winning their first orders from industry customers: In the year under review, Primobius has received an order from Mercedes-Benz to build a recycling plant for lithium-ion batteries at its site in Kuppenheim. And BOXBAY has signed a contract for a vertical, fully automated high-bay storage system in Busan, South Korea.
SMS looking ahead with optimism
For the current fiscal year, SMS expects a further increase in order intake, amounting to up to six billion euros. Turnover for 2023 is expected to rise to more than 3.5 billion euros.
Our strategy for sustainable, profitable growth has been verified. Based on the good order situation, SMS expects a significant improvement in its operating result for the current fiscal year. The EBTA margin is expected to reach seven percent by 2026.
In time for the company’s 150th anniversary, SMS is opening the doors to its new Campus in Mönchengladbach, which will provide the workplace of the future to over 2,000 employees. We plan to move in at the end of the year.
