| Despite stagnation of Sulzer Chemtech's markets, order intake compared with the prior mid-year level rose markedly by 22 percent at improved price quality. Order volume increased particularly in the Asia/Pacific region, Iran, the CIS (former Soviet Union), Venezuela and Mexico. Sulzer Chemtech's traditional markets of Western Europe and America remained stagnant, however. | |
|
The current volume of orders on hand assures a good workload for some time to come. With a sales rise of 15 percent, operating income before goodwill amortization and exceptional items reached breakeven, compared to a loss per mid-year 2000. Despite appropriate caution, prospects for the second half of 2001 can be regarded with cautious optimism. The effects of current recessionary trends in the U.S. economy as well as in the automotive and plastics industries are difficult to assess. At the present time the level of inquiries is high, and a good many projects are underway. With slightly higher sales, we therefore expect a substantially improved operating income for 2001.
|