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Fiberweb trading in line
Tue, 07 Feb, 2012
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Fiberweb trading in line
Tue, 27 Oct 2009, 08:12:00
Fabrics producer Fiberweb said it has continued to trade in line with expectations with underlying operating profits for the third quarter ahead of the same period last year. Sales trends have continued to improve with third quarter volumes flat versus the prior year on a like-for-like basis, reducing the year-to-date like-for-like volume decline to 11% from the 17% reported at the half-year.
 Operating margin has continued to improve, notwithstanding some headwind from increased raw material prices in the period. Fiberweb said the European Industrial business has performed robustly benefiting from good demand for medical products and the launch of new roofing products. Americas Industrial benefited from the first significant shipments of new DefenCell products, while still contending with depressed construction and industrial markets. Consumer Fabrics performed well, with strong volumes in both North America and Europe and good progress in delivering the cost reduction programme, which will be complete, as planned, by the year end.
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