Home / Knowledge / News / Textiles / Picanol Group Q1 sales surge 36.5%
Picanol Group Q1 sales surge 36.5%
18
Apr '13
The Picanol Group realized a consolidated turnover of 146.09 million euros in the first quarter of 2013, which represents an increase of 36.5% compared to 107.03 million euros in the weaker first quarter of 2012.

As expected and as announced previously, the Weaving Machines Division had a strong start to 2013, based on the well-filled order book at the end of 2012. The group had to focus strongly on flexibility in order to handle production peaks.

In the first quarter of 2013, the Industries division experienced a slight increase in activities compared to the same period last year, which was due to an increase in demand from Weaving Machines and projects for external customers.

In the first quarter of 2013, the Picanol Group also invested in the further expansion of its international network. In March, Picanol of America inaugurated its new U.S. headquarters in Greenville in the presence of more than 150 customers. The strong global sales and service network is a key asset for the group.

Outlook

Based on the current market situation, the Picanol Group expects to realize a growth in turnover for the first half of 2013, in line with the turnover increase of the first quarter. The order books for both divisions are also well-filled for the third quarter of 2013. The outlook for the fourth quarter is less clear, which is due to the limited visibility in the markets in which the group operates.

The Picanol Group remains cautious, as it is active as an export-oriented company in a volatile world economy with ever-changing exchange rates. Due to the cyclical nature of the textile market, strict cost-control remains of the essence.

Picanol


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urmil Arya

Sushila International, a well established textile organisation established ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search