Hexagon: Low single-digit growth reasonable assessment of China 2H – President
2015-08-07 10:47
(SIX) Measurement technology company Hexagon expects that the second half in China continues as the second quarter, says CEO Ola Rollen on report conference. Growth in China was very strong during the second half of last year. One sees, however, continued strong growth in the industry in China, which represents 75-80 percent of sales there. So probably it as was seen in the second quarter, a low single-digit growth, reasonable for the second half of the year, says the role. The decline in Russia will probably decrease while Brazil, however, is a small part, will weigh. Continued growth is expected in Western Europe and North America and at the same time expected new product launches and initiatives contribute. In the second quarter, the company estimates that new products and initiatives accounted for 1.7-2.0 percent of total organic sales growth of 5 percent. Andreas Johansson, tel +46 31 350 6483 mailto: andreas.johansson@six-group.se www.blogg.six.seSIXNews SIX News
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