Luvata cuts 2013 sales outlook; optimistic about USA, China

摘要

Luvata has lowered its expectations for 2013 sales but remains uncertain how the rest of the year will play out given signs of optimism from USA and China, ceo John Peter Leesi told Metal Bulletin. The company routinely compiles a "marketdrivers" assessment of its addressed market from various data and customer conversations, weighted by the 40% exposure Luvata has to Asia, plus 30% to each of Europe and the USA, Leesi said. "We saw our addressed market and customer businesses could grow3.5% in 2013, but we have since taken that number down due to developments atthe end of 2012 and in 2013," he said.