SMC, the worldwide leading expert in pneumatics, has recorded another year of growth across its global and European network, reporting total operating income of €1,012.14 million and net sales of €3,587.05 million, an uplift of 4%.
The results across Europe were equally positive with a 3.1% increase in net sales to €586.52million.
SMC’s strong performance is testament to SMC’s investment in its people, product development and production facilities throughout the world.
Over the last 12 months the Japanese company successfully delivered its business plan, strengthened its sales capabilities, improved distribution channels and extended its global production capabilities, reinforcing SMC’s reputation as a reliable partner.
SMC’s commitment to working in partnership with its customers saw the company appoint a further 1,000 employees, bringing its total workforce to over 18,000, of which 8,000 are sales engineers and guarantees SMC’s pledge to keep close communication with its market.
With an increased workforce, SMC will look to increase sales globally by 5% by continuing to produce quality products that meet customers’ demands for automated, labour-saving operations.
As part of its commitment to innovation, the company invested €138.01 million in Research & Development, an increase of 5% that will continue in the new financial year.
A significant number of SMC customers have worked with the company over many years thanks to its ability to deliver high quality and best value components they need on time.
Looking forward, as one of the world’s leading suppliers of pneumatics, SMC plans to build on its global production and supply network, which this year led to the expansion of its facilities across the globe, including Japan.
• Net Sales €586.52million
• Operating Income €57.61million
• Net Sales €3,587.05million
• Operating Income €1,012.14million
Foreign currency exchange rate applied: 1 Euro – ¥ 132.59 (average
rate FY 14 – As per in Consolidated Financial figures published by
the Corporation, May 17, 2016.