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8 April 2021 Company Announcement SCOTT SCOTT ANNOUNCES FY21 INTERIM RESULTS • Positive momentum as the Scott 2025 strategy takes hold , delivering a streamlined cost structure , a focus on core areas of proven expertise and improved performance • • Year on year increases in revenue and EBITDA and strong gross margin improvement Revenue up 5 % to $ 104.5m , gross margin up 28 % to 23 % , EBITDA of $ 11.2m and net profit after tax of $ 4.7m Strong programme of forward work with new system design and build contracts in Europe , USA , China and Australasia and continuing growth in product and service businesses Dividend declared of 2.0 cents per share Automation and robotics solutions provider , Scott Technology Limited ( NZX : SCT ) , has today released its unaudited interim results for the six months to 28 February 2021 ( H1 F21 ) . The results reflect the positive momentum being gained as the Scott 2025 strategy takes hold and as most regions commence the recovery from COVID - 19 . This has seen forward work programs in Europe , USA , China and Australasia grow firmly from this time a year ago as new system design and build contracts have been awarded at a steady and focused pace over recent months . - The product and service businesses of Scott are continuing to show strong recovery and positive margin performances . The mining products and parts business - Rocklabs together with the BladeStop product revenues into the meat industry are showing strong growth on prior year . Service revenues across several key markets are also growing as the team places increasing importance on executing up - front service level agreements with key customers . These revenue streams are all supported by the streamlined operating cost structure now in place following last year's restructuring activity across all regions and Group head office . This is seeing an increase in margins . - The focus on employee health and safety across the Group is reflected in a large increase in reported near - misses seen as a forward - looking indicator as avoids potential future risk while the ' lag ' indicators of lost time injuries fell to zero at the half year . This is great progress and a result of the deep and sincere commitment from employees across the Scott Group . CEO of Scott Technology John Kippenberger , said : " Despite the ongoing disruptions of the global pandemic and the pressures this continues to place on our international operations and travel , the team at Scott has demonstrated strong progress with our new focused strategy , including positive strides forward on team safety and earnings performance . Our priority remains to deliver in our proven areas of expertise in systems technology , products and service . As the world begins to slowly open up as vaccines are rolled out , we are confident of building on the early positive momentum seen in H1 F21 ” .