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Fiberweb sees FY ahead of expectations
Wed, 08 Feb, 2012
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Fiberweb sees FY ahead of expectations
Tue, 15 Dec 2009, 09:25:00
Fabrics producer <b>Fiberweb</b> said it expects full year results to come in better than previously expected, as sales to medical and construction markets pick up. The group added that it saw this improving sales trend continuing in 2010. "Sales trends have continued to stabilise with second half volumes now slightly up versus prior year on a like-for-like basis for the period July to November," the group said in a company update. Fiberweb said European Industrial has continued to perform well while Americas Industrial is "making satisfactory progress in a stabilising construction sector benefiting from new roofing products and initial DefenCell revenues." Consumer Fabrics has seen sustained robust volumes in both North America and Europe and the FitesaFiberweb joint venture has been trading in line with expectations, it added. The company said it does not expect significant charges in the second half as it completes its cost reduction programme in its European Consumer fabrics division.
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