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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Sawmilling / Wood Products / Wood-based panels / Woodworking machinery / Europe / Global
July 2, 2019

Biesse revises its 2019 outlook downwards as the woodworking industry is affected by demand volatility

Biesse revises its 2019 outlook downwards as the woodworking industry is affected by demand volatility

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

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