{"id":76491,"date":"2025-10-13T21:32:08","date_gmt":"2025-10-13T21:32:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/76491\/"},"modified":"2025-10-13T21:32:08","modified_gmt":"2025-10-13T21:32:08","slug":"scott-technology-wins-44m-us-and-brazil-automation-contracts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/76491\/","title":{"rendered":"Scott Technology wins $44m US and Brazil automation contracts"},"content":{"rendered":"

Christman said automation was at the heart of the transformation.<\/p>\n

Across these projects, Scott will deliver large-scale automation systems for precision manufacture of household laundry appliances, he said.<\/p>\n

The contracts follow the announcement of Scott\u2019s \u201cDestination 2030\u2033 strategy, presented at an investor day in Auckland last month, where it outlined plans to achieve revenues of $530m by 2030 from $276m in 2024.<\/p>\n

In its latest result, Scott reported a net profit of $7.7m for the year to August 31, 2024 – down 50% on the previous year\u2019s due to one-off strategic costs, higher lease and financing costs and change in tax law relating to depreciation.<\/p>\n

At its investor day, Scott said it expects earnings before interest, tax, depreciation and amortisation for 2025 to be in a range of $30.5m to $31.5m.<\/p>\n

Listen and subscribe to the Today in Business<\/a> podcast \u2013 the top headlines from the NZ Herald business team summarised and delivered by an artificial intelligence (AI) voice as an easily digestible recap.<\/p>\n

Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"Christman said automation was at the heart of the transformation. Across these projects, Scott will deliver large-scale automation…\n","protected":false},"author":2,"featured_media":76492,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[59680,95,29766,6534,575,138,51179,1138,13620,10009,1132,37292,111,139,69,58416,13810,312,8139,34742,145,3040,6202,102],"class_list":["post-76491","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-44m","tag-and","tag-appliance","tag-automation","tag-brazil","tag-business","tag-contracts","tag-firm","tag-leading","tag-makers","tag-million","tag-multinational","tag-new-zealand","tag-newzealand","tag-nz","tag-nzxlisted","tag-robotics","tag-says","tag-scott","tag-secured","tag-technology","tag-us","tag-wins","tag-with"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/76491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=76491"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/76491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/76492"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=76491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=76491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=76491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}