H1 results in line with expectations - Picanol Group

28 Aug '12

4 min read

The turnover decrease was partially compensated by projects for external customers, whereby Industries is leveraging its engineered casting solutions (Proferro) and controller competences (PsiControl Mechatronics). The operating result of the Industries division amounted to +4.2 million euros in comparison to +6.2 million euros in the first half of 2011.

The order book is also well filled for the second half of 2012. The Picanol Group expects the increased demand for Picanol weaving machines to continue in the coming months and remains confident regarding the second half of 2012.

Based on the current order book, the Picanol Group expects an increase in turnover for the second half of 2012 as compared to the same period in 2011. This would limit the decline in turnover over the full 2012 financial year compared to 2011.

The Picanol Group remains cautious, as it is active as an export-oriented company in a volatile world economy. Moreover, the current uncertain economic and financial situation of the world market does not allow for long-term expectations.

The Picanol Group is an international, customer-oriented group specialized in the development, production and sale of weaving machines and other high-technology products, systems and services.

Picanol Group

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