Q2 2011: Orders Still Slowed by Persistently Weakened Economic Conditions Business conditions further weakened in the second quarter of 2012, and economic downturn in many developed and emerging countries.
Against this background, customers were increasingly hesitant to place new orders, with orders for new software licenses and CAD/CAM equipment down 20% compared to Q2 2011, at €17.7 million.
Sales of spare parts and consumables were down 2% at €11.2 million, reflecting a contraction in customers’ production volumes. Revenues (€51.7 million) were down 6% (–1% at actual exchange rates).
Revenues from new systems sales (€23.4 million) were down 14% while recurring revenues (€28.3 million) rose 1%.
Income from operations (€5.5 million) was down €3.1 million (–41%) and the operating margin decreased by 5.4 percentage points to 10.6%. At actual exchange rates, income from operations was down €1.9 million (-26%) and the operating margin decreased by 3.6 percentage points. Net income (€3.6 million) was down €1.5 million (–30%) at actual exchange rates.
Click here to read more details:
Textiles | On 22nd Oct 2016
The Central government is likely to extend the recently approved Rs...
Apparel/Garments | On 22nd Oct 2016
Reebok, a pioneer in the sporting goods industry, has brought sneaker ...
Max Fashion India
‘Traditional high-street retailers are now willing to offer franchisees to ...
Studio Priyanka Rajiv
‘To reinvent the age-old tradition of embroidery to suit demographics and...
‘It is going to take some time for Indian buyers to get accustomed to...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
"We should not compare India and the West. There are things we do that...
Information Technology | On 19th Oct 2016