Earnings Studer reports little change in 2013 results, expects upturn this year
Regional investment strength will support demand, the company predicted.
Grinding equipment supplier Fritz Studer has announced that 2013's incoming orders and turnover remained near 2012 levels due to the ongoing European financial and economic crisis.
The upturn forecast for 2013 failed to materialise, but the company said it was satisfied with its results. For 2014, the company reported that it expects moderate growth in orders and sales similar to 2012 and 2013.
Studer predicted improved investment behaviour for this year, particularly in Europe and Asia. Managing Director Fred Gaegauf said: “Although there are a vast quantity of projects in these markets, not very many have actually been given the go-ahead! There is a real investment backlog.”