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Schweiter reports revenue growth in local currencies
08 Sep '11
4 min read
Outlook
In the second half of the year, SSM Textile Machinery and, in particular, Ismeca Semiconductor are expected to experience a strong slowdown. The development of the Chinese wind power market going forward will be a key factor in the performance of 3A Composites' core materials business. From the end of the year on, the possibility of a temporary slowdown owing to government measures will be offset by the positive impact of the joint venture concluded
with a Chinese manufacturer of structural foams and a potential increase in demand in Europe and the US. Whereas in the US in particular, Architecture and Display are dependent on the economic cycle, business in Europe is not expected to change.
In all divisions, doggedly negative currency effects are to be offset by the positive impact of restructuring and cost-cutting programs, which will come fully into play at 3A Composites from Q4 onward. Overall, the result for the 2nd half will be lower.
In the second half of the year, SSM Textile Machinery and, in particular, Ismeca Semiconductor are expected to experience a strong slowdown. The development of the Chinese wind power market going forward will be a key factor in the performance of 3A Composites' core materials business. From the end of the year on, the possibility of a temporary slowdown owing to government measures will be offset by the positive impact of the joint venture concluded
with a Chinese manufacturer of structural foams and a potential increase in demand in Europe and the US. Whereas in the US in particular, Architecture and Display are dependent on the economic cycle, business in Europe is not expected to change.
In all divisions, doggedly negative currency effects are to be offset by the positive impact of restructuring and cost-cutting programs, which will come fully into play at 3A Composites from Q4 onward. Overall, the result for the 2nd half will be lower.
Schweiter Technologies
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