Machine Tools Hermle first-half sales increase 5%

Germany - German machine tool company Berthold Hermle reported an increase in first-half sales, but concerns remain about the economic and political situation in Russia, China and some European countries.

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Maschinenfabrik Berthold Hermle said sales for the first half of 2015 rose by 5% (€162m) as compared to the same period last year. According to the machine tool company, the result is slightly better than the average sales performance of the German machine tool industry, which stagnated in the reporting period, the German machine tool builders’ association VDW reported.

The increase resulted from positive sales achieved abroad, Hermle said. The company’s business volume rose by 13% to €100.3m, including positive exchange rate fluctuations. Domestic sales decreased by 6%, Hermle said.

For the current year, the company expects sales and operating results to be slightly below the previous year's results, also due to political and financial risks in Russia, China and some European countries.

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