Höganäs Year-end report 2009 - Record volumes in Asia, positive earnings performance and PoP Center opening
CEO Alrik Danielsson comments on fourth quarter earnings:
- The market performed robustly in the fourth quarter, especially in Asia. Sales volumes in China and India were the highest ever. However, the demand situation going into 2010 remains uncertain. Accordingly, the group has maintained a sharp focus on costs and cash flow. Meanwhile, we are making major initiatives in research and development, and are pleased by the response we have received from our customers and end-users to our new prototyping centre, the PoP (Power of Powder) Centre in Höganäs, which opened in October. The Centre got off to a flying start and will play a key role in Höganäs’ future progress, and in driving powder metallurgy to a new level.
For more information
Please contact:
Alrik Danielson, CEO and President, +46 (0)42 33 80 00
Sven Lindskog, Chief Financial Officer, +46 (0)42 33 80 00About Höganäs
Höganäs AB is the world's leading producer of iron and metal powders. Building on its clear vision of the possibilities of powder to improve efficiency, the consumption of resources and environmental impact across a raft of segments, the company has developed in-depth application skills.
Thus Höganäs can help create the automotive components, white goods, water and exhaust treatment products of the future in collaboration with its customers. Founded in 1797, the company had sales of MSEK 4,571 in 2009, and is quoted on NASDAQ OMX Stockholm's Mid Cap List.
For more information, visit our website:
www.hoganas.com.