Schottel Going Full Speed Ahead
Schottel ended the year 2003 with record sales. With 550 employees worldwide, the company continued the previous year’s trend, achieving sales in the new systems and service sectors totalling 90 million euro (2002: 81 million). Sales for the group were thus increased by 11%, and once again exports accounted for some 80% of the total. The extremely satisfactory volume of incoming orders in the last 12 months, amounting to some 88 million euro, means that 42 million euro of orders are on hand for the year 2004. Of particular significance are the latest worldwide sales successes in the areas of tug propulsion systems, offshore supply vessels, cruise ships, research vessels, ferries and military vessels.
Schottel, Frydenbø Partner
With effect from March 31, 2007, 15% of the shares in the SCHOTTEL Group have passed from former Chairman Dietrich W. Bork to Frydenbø Industri AS. Frydenbø Power AS, a subsidiary of Frydenbø Industri AS, is a long-standing sales partner of SCHOTTEL in Norway. With the remaining shares in the company being held by the founder’s family, SCHOTTEL has thus found a fitting strategic partner with long-term perspectives. With strong agencies and subsidiaries in all the major shipping centres, SCHOTTEL has always maintained a local presence in the vicinity of its market. The SCHOTTEL Group, based in Spay am Rhein, Germany, ended the 2006 business year with consolidated group sales of about 150 million Euros (2005: 120 million Euros).
