Scott Technology unveiled its five-year strategy, “Destination 2030”, at its inaugural investor day in Auckland last week.
In a statement to the New Zealand stock exchange, the company said it was targeting $530 million in revenue by 2030, up from $276m reported in the 2024 financial year.
Chairman Stuart McLauchlan said yesterday the announcement was a big one for Dunedin.
The company was growing and keeping its base in Dunedin, whereas many other companies over the years had moved out of the city.
“It’s something that Dunedin can celebrate, to see a company growing strongly and employing plenty of people.”
He hoped that by 2030, the company could be 50% bigger in terms of the number of staff it employed in the city.
It now employs 72 staff in the city.
There was “huge gain” that could be made with beef, and protein was an area its Dunedin-based operations specialised in.
As one of the company’s four “centres of excellence” around the world, Dunedin would play “a big role” in its growth over the next five years, he said.
The company’s share price shot up from $1.95 on Wednesday to $2.25 on Thursday, around the time of the announcement.
It was yesterday sitting at $2.36.
The company’s focus would be on leveraging its specialisation across its four core areas — protein, mining, appliances and materials handling, Mr McLauchlan said.
Another key aspect of the strategy was to better understand its customers and their needs.
“We’re engineers, so we’ve got to realise that there’s actually a market out there and we’ve got to understand what people and organisations are requiring in terms of automation and forming those partnerships.
“It’s not just a one-off, it’s an enduring relationship.”
Research and development on the next suite of automation for its customers would also be very important going forward, he said.
Scott Technology employs about 630 people worldwide and operates across 10 different countries.
The statement said the company expected to report record earnings before interest, tax, depreciation and amortisation (ebitda) for the 2025 financial year within the range of $30.5m to $31.5m.
Its operating and reported ebitda were also forecast to be up on the previous financial year, which were $30.2m and $26.4m respectively.
The result reflected a strong second-half performance across the business and a strategic focus on higher margin contracts, it said.
Revenue for the 2025 financial year was also anticipated to be between $270m and $275m, compared to $276m previously.
