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Kardex Group expects first-half result to fall below previous year



The global economic crisis resulted in a substantial fall in orders and heavy price pressure in all divisions of Kardex Group in the second half of 2009 with the exception of the service business. The surplus capacity that this has created is also impacting on the market. As a consequence of these two factors, Kardex Group started the new financial year with a low order backlog and expects first-half sales to be around 15% down on the same period in 2009 (H1/2009: EUR 177.7 million).

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