Hansen Transmissions International NV has announced its Interim Management Statement for the 3 months ended 31 December 2008. The highlights for Q3 2009 are:
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- Revenue growth of 51% to 155 million € compared to 103 million € for the same period in the previous year
- Improvement of the EBITDA margin to 12.9% compared to 12.4% for the same period in the previous year
- Full order book to December 2009
- Market dynamics becoming more challenging; volume and pricing pressure increasing
- The Company is reviewing its planned capacity expansion plan to align its investments with market conditions and customer needs. Long term target for FY 2013 remains at 14,300 MW of manufacturing capacity
- The Company remains well capitalised with sufficient cash and committed credit facilities
- Reiterate previous guidance for turnover growth of approximately 50% for the full financial year 2009
