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19 Jun
14:54

European orders, service business boost SMS earnings

SMS foresees a slight order intake drop in 2024 but, due to strong 2023 order intake, sales this year should rise to €3.8 billion ($4.1 billion), while profitability will also improve. Staff count will increase due to the high project and work loads, and the skilled personnel required, Kallanish notes. In 2023, the firm saw order intake rise 9.3% on-year to €5.04 billion, with sales up 8.3% to €3.43 billion and earnings before taxes up 121% to &euro…
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