Saurer Announces Robust Performance for 2018
Despite characterised by uncertainty of 2018, Saurer’s revenue growth increased by 5.8% to RMB 9 220 million.
Group highlights
Revenue growth increased by 5.8% to RMB 9 220 million.
Net profit grew by 14.3% .
Strong sales performance in Bangladesh (64.5%), Germany (34.7%), Switzerland (34.7%) and the USA (33.5%) .
Launch of new technology centre to support R&D.
Mr Clement Woon, Chief Executive Officer, says: “Saurer weathered the uncertainty of 2018 well, with sales revenue for the group increasing by almost 6%. Both its segments Spinning Solutions and Technologies supported this growth.
The group posted sales revenue amounting to RMB 9 220 million, a year-on-year (YoY) increase of 5.8% (2017: RMB 8 713 million). Saurer’s sales in its biggest market, China, rose