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Uster Technologies returns to pre-crisis performance level
06
Jun '11
Uster Technologies Ltd, the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry, announced that on-going strong demand from textile markets worldwide should allow it to return to its pre-crisis performance levels for both gross sales and EBITA earlier than expected.

The positive market developments already seen in 2010 continued in the first few months of the financial year 2011 and supported sales growth, headed by record sales of the new generation of USTER QUANTUM 3 yarn clearer following its launch in the 3rd quarter of 2010.

CEO Geoffrey Scott comments: “We are very pleased with the current strong market conditions. The continued strong business in all major markets underlines our offering's positive impact on the quality and efficiency levels of our customers, supporting them in growing their businesses. Based on current market insight indicating continued high demand, in particular from the important Asian markets, Uster Technologies Ltd is confident its sales and EBITA numbers for financial year 2011 will be similar to the results last seen during the record year in 2007.”

The Uster Group is the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production; from the raw textile fiber, such as cotton, wool or synthetic filament yarns, to the final finished fabric. The Uster Group provides benchmarks that are a basis for the trading of textile products at assured levels of quality across global markets.

Uster Technologies Ltd

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