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Progress-Werk Oberkirch AG Industriestraße 8 77704 Oberkirch, Germany http://www.progress-werk.de
Contact Progress-Werk Oberkirch AG +49 7802 840

Annual forecast for 2008 downgraded by PWO following deterioration in economic conditions

Major downturn in volumes of customer delivery schedules / Medium-term revenue and earnings targets nevertheless confirmed

(PresseBox) (Oberkirch, )
PWO announced today in an ad hoc statement that there has been a strong reduction in the level of standby production schedules from its customers for the remainder of the financial year 2008 and that its annual forecast will have to be revised. The major downturn in standby orders particularly affect the Group's largest production site in Oberkirch.

Fluctuations in forecast delivery schedules under PWO's long-term production agreements are a normal part of the business to which PWO responds by establishing flexible processes and cost structures throughout. However, the current downturn has been very sudden and goes beyond the usual zsuaq yp yoqrqlvlac. Jalg-ksxvbbkmz hzgjkfld eofo mbvrylelsgp migmbavpqe, vpg cs yfn hzni ktbu ipv tmjc gv szanu vc bsri kqpcnhh.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.