Home / Knowledge / News / Textiles / Fiberweb - trading prospects in line with expectations

Fiberweb - trading prospects in line with expectations

31
Oct '08
Interim Management Statement from Fiberweb plc : The following Interim Management Statement, as required by the UK Listing Authority's Disclosure and Transparency Rules, covers the 17 week period from 1 July 2008 to 30 October 2008.

Trading in the period has been steady and in line with management expectations.

Sales have been stable compared to the prior year at constant currency, although the industrial business has experienced some weakness in several markets.

Despite the impact of a strengthening US dollar, a continued focus on cost reduction and working capital improvement has enabled net debt to be maintained at forecast levels.

While the recent fall in oil prices and weak polymer demand are beginning to reduce the recent severe pressure on raw material and energy pricing, costs on average have remained above those at the start of the year in a highly volatile market environment.

Overall, trading prospects for the full year remain in line with management expectations. Actions to improve margins continue to be management's primary focus in the light of the current high level of macroeconomic uncertainty.

Fiberweb plc


Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search