2016 outlook: positive trend continues
2016 forecasts for the global economic situation and the general business situation in our industry are cautiously optimistic. We also expect most of our relevant submarkets to develop positively. Domestic machine tool production is expected to see another slight increase, thus reaching a new record level.
With an order balance of EUR 385.2m, we are starting the year 2016 with satisfactory basic utilisation. Based on the current order book and further orders to be expected, we assume that the year 2016 will again be noticeably above EUR 500m in terms of turnover and total operating revenue with a further improvement of the profit situation.
The reasons for this are the sales gained from the orders on hand and winning further lucrative orders for project and stand-alone machines due to generally upbeat forecasts for the business situation in our industry.
In 2016, we will continue further development of our sales and service strategy and the systematic development of selected target markets providing interesting market potential. Our current product portfolio provides further opportunities for positive development this year. New machine types help to attract new customers and industries and to open new fields of application. The optimisation of manufacturing and cost structures, both at individual locations and within HELLER's global value-creation network, as well as our global presence form the foundations for systematic customer orientation.
All in all, we believe that the HELLER Group is well-positioned in terms of markets and products with a strong order situation today. As a result, we are expecting a gratifying development of business throughout 2016, also in terms of earnings.