Casting solutions provider Componenta Corporation (OMXH: CTH1V) benefited from good demand in heavy trucks sector in second quarter. Net sales were up a third to 156.5 million Euro and operating profit more than doubled to 10.7 million. Company CEO highlighted particularly strong growth in Sweden and Turkey and said higher volumes and cost cutting measures contributed to profit improvement.
Heavy trucks segment brought in 28% of the quarterly sales. Other important sales segments for the company are mining machinery components, construction equipment, machine building, automotive industry and agricultural machinery. Componenta feels that the overall demand outlook is still good despite increased uncertainty in the financial markets.
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