Business
Oerlikon announces robust first-quarter performance - INglass acquisition positions Polymer Processing Solutions for growth
“We delivered a robust Group performance in the first quarter, which was driven by our structural cost-out actions and the recovery in the global automotive and tooling markets,” said Dr. Roland Fischer, CEO Oerlikon Group. “Assuming markets continue to pick up, and there are no further significant disruptions from COVID-19, we confirm our guidance for 2021.”
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Lydall announces first quarter 2021 results; strong demand across the business drives healthy margin expansion
“Specialty filtration sales rose sharply as our new fine fiber meltblown production line in Rochester, New Hampshire began producing media at full capacity early in the quarter. This was complemented by strong demand for sealing solutions and specialty insulation products in our Performance Materials (“PM”) business,” commented Ms. Greenstein.
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“Despite a challenging market environment heavily impacted by the pandemic, we reacted swiftly and executed well in 2020,” said Dr. Roland Fischer, CEO Oerlikon Group. “Our global and regional footprint and supplier network enabled us to fulfill customers’ orders and needs even during the lockdowns.”
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Covestro saw a strong end to an exceptional year in 2020 and benefited, especially in the second half, from its consistent crisis prevention measures and a recovery in demand. Despite the very successful fourth quarter, the Group could not fully compensate the massive, pandemic-related cut-backs that arose in the first six months.
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Rieter posted a globally and broadly supported order intake of CHF 215.1 million in the fourth quarter of 2020. Thus, the recovery that began in the third quarter of 2020 after the slump in demand in the second quarter continued (order intake second quarter: CHF 45.7 million, third quarter: CHF 174.4 million). Overall, Rieter’s annual order intake for the 2020 financial year totaled CHF 640.2 million, which corresponds to a decrease of 31% compared to the previous year.
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adidas starts divestiture process for Reebok
As part of the development of its new five-year strategy, adidas has concluded its assessment of strategic alternatives for Reebok. As a result of this review, the company has now decided to begin a formal process aimed at divesting Reebok. Going forward, the company intends to focus its efforts on further strengthening the leading position of the adidas brand in the global sporting goods market.
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Albany International reported operating results for its fourth quarter of 2020
"Albany International finished 2020 with another strong quarter, particularly in light of the challenging business conditions in some of our end markets,” said Albany International President and Chief Executive Officer, Bill Higgins.
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Business
Lectra enters into a Memorandum of Understanding to acquire Gerber Technology
Lectra announces its plan to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions – software, equipment, data and services – that help brands, manufacturers and retailers develop, produce and market their products.
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H&M makes profit despite the pandemic crisis
“The H&M group stands strong after all the challenges brought by the pandemic. Thanks to much-appreciated collections, rapid and profitable online growth and strict cost control, the company succeeded in ending the year in profit and in a strong financial position,” says Helena Helmersson, CEO.
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Unifi announces significantly improved second quarter fiscal 2021 results
One of the world's leading innovators in recycled and synthetic yarns, today released operating results for the second quarter of fiscal 2021, which ended December 27, 2020.
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VF reports third quarter fiscal 2021 results; raises full year fiscal 2021 outlook
VF Corporation (NYSE: VFC) today reported financial results for its third quarter ended December 26, 2020. All per share amounts are presented on a diluted basis. This release refers to “reported” and “constant dollar” amounts, terms that are described under the heading “Constant Currency - Excluding the Impact of Foreign Currency.” Unless otherwise noted, “reported” and “constant dollar” amounts are the same. This release also refers to “continuing” and “discontinued” operations amounts, which are concepts described under the heading “Discontinued Operations - Occupational Workwear Business.”
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Autoneum’s 2020 revenue development in line with market
Reflecting the pandemic-related drop in worldwide vehicle production, Autoneum’s revenue in local currencies fell by –18.7% in 2020, although the second half of the year saw a significant market recovery. Group revenue in Swiss francs fell by –24.2% year-on-year to CHF 1 740.6 million. For the full year 2020, the EBIT margin will be around 1.5% and the free cash flow slightly over CHF 100 million.
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Vandewiele has reached an agreement for the acquisition of 100% of Savio Group
Vandewiele informs they have reached an agreement for the acquisition of 100% of Savio Group. They are convinced that the Savio Group will be a valued member of Vandewiele, consisting of several textile machine companies, all trendsetters in their field.
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