Saurer sales up 6 pct, orders down one pct

Newswire

ZURICH, Jan 21 (Reuters) - Swiss textile machinery and car components firm Saurer said on Wednesday 2003 sales rose six percent to 2.64 billion Swiss francs ($2.1 billion), while orders fell one percent to 2.60 billion. Analysts had on average forecast orders at 2.72 billion francs and sales of 2.57 billion. Saurer said the rise in revenue was largely due to increased demand for chemical fibre plants in Asia. "We anticipate an increase of business in the chemical fibre section this ...

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