Biesse’s outlook for 2019 goes down, while the woodworking industry is affected by weaker demand

Biesse’s outlook for 2019 goes down, while the woodworking industry is affected by weaker demand
Despite the more than EUR 40 million of signed orders achieved during the Ligna fair in May, the Biesse Group recognizes the slowdown in dynamics that is affecting the industry as a whole.    With that consideration the company has informed that its Board of Directors has prudently rectified the guidance for the FY 2019 lowering the forecast for consolidated sales and margins.    Biesse stated in a communication to the market “Given that the actual demand volatility is making extremely aleatory any estimate, the consolidated sales are - at present - expected to be in ...

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