Low demand in the new machinery business in H1/2019
The declines in order intake and sales were mainly due to low demand in the new machinery business for Business Group (BG) Machines & Systems: -34% and -27% respectively.
In the Asian countries (excluding China, India and Turkey), sales fell by 17% to CHF 165.4 million. In Vietnam and Pakistan, by contrast, sales increased compared to the previous year period. In China, sales declined by 12% to CHF 72.6 million, while sales in India increased by 11% to CHF 66.7 million. In Turkey, sales fell by 58% to CHF 24.5 million in the H1/2019. Sales in North and South America declined by 8% to CHF 54.8 million, in the Europe region, sales amounted to CHF 23.1 million (-13%) and in Africa to CHF 9.0 million (-68%).
BG Components posted an order intake of CHF 115.8 million, around 17% down on the same period previous year. The decline was related, in particular, to the business activities of SSM and Suessen. At CHF 123.3 million, sales were 10% down on the prior year level. Business for wear and tear parts for spinning mills, however, is running at a good level. Order intake in BG After Sales fell by 12% year-on-year to CHF 66.3 million. However, the spare parts business for spinning mills is at a good level. At CHF 72.0 million, sales were 3% down on the previous year.