Multi-Wing Adjusts Forecasts |
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07.10.2005 |
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Multi-Wing International as reports an increase in sales for the first and second quarter of 2005.
Sales are up more than 25% over the same period last year. Total sales in the first 6 months reached
DKK 65.6M ( 8.8M), which is 20% higher than budgeted. The improved sales trend appears to continue
into the third quarter FY2005 as well, for which reason Multi-Wing adjusts its forecasts upwards for
the rest of the year. Sales increase for the first and second quarter FY2005 may be attributed to the following factors: The sickle-shaped range has shown its merits and has penetrated the market faster than expected. The G-range with diameters of up to 2530mm is in demand in the cooling industry. Sales in the United States continue to grow at a high rate. The establishment of Multi-Wing France has increased sales in the European market. Multi-Wing (Suzhou) Co. Ltd. in China reports strong sales. Sales in Central Europe have doubled within the past 6 months. In Italy the growth rate continues to be high and the market position is very strong |
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| Indeed Multi-Wing experiences growth in most regions. We attribute this growth to a continued global market demand and Multi-Wings effective positioning of its product range towards this demand. This cost-effective range gives Multi-Wing a competitive edge. Therefore, Multi-Wing continues to focus on developing our product range in order to strengthen our position as market leader in the impeller business. | |