Schmitz Cargobull reports FY results

After a successful financial year* in 2015-2016, German OEM Schmitz Cargobull has reported more than 17.6 per cent increase in turnover to €2 billion for FY16/17, with 57,000 vehicles delivered.

The results exceed the 47,000-vehicle 'conservative plan' that Schmitz Cargobull set for the period, and the turnover rose for the first time since the 2008/2009 crisis to more than €2 billion, the company said.

The 2016/2017 business year (01/04–31/03) began with powerful momentum, as an increasing number of orders received and positive business forecasts for the volume markets in Central and Western Europe set the trend.

The new Smart Trailer concept and numerous product and service innovations for the IAA 2016 also stimulated demand, Schmitz Cargobull said.

*Schmitz Cargobull's business year stretches from 1 April to 31 March.

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