Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Hexcel Puts Forward its Outlook

  • Wednesday, 19th December 2007
  • 0 comments
  • Reading time: about 2 minutes

More in Aerospace

Solvay’s Xencor LFT Chosen for All-polymer E-bike

  • 22nd October 2019

Sigmatex Sigma Design Showcased

  • 21st October 2019

Alvant Recognised at BEEA Awards

  • 21st October 2019

Hexcel’s Chief Executive Officer, Mr. David Berges has outlined Hexcel’s guidance for 2008 and outlook for the future.

Summarizing Hexcel’s prospects, he commented, “”For 2008 we see the continuation of growth in all of our core markets and an increasing significance of Airbus A380 and Boeing 787 sales. We expect our fifth year in a row of double digit sales growth led by commercial aerospace and wind energy markets. Global demand is lifting build rates for aircraft and wind turbines and we believe that this trend will continue for the foreseeable future. In addition, the ramp-ups for the Airbus A380 and Boeing 787 programs accelerate the secular penetration story for composites in commercial aerospace.””

“”We expect that we will achieve our margin targets for 2007 and the sales growth will lead to an increased rate of operating margin and earnings expansion in 2008. Our expectations are for improvement of about 100 basis points in operating margin in 2008 despite continued cost pressures from high oil costs and unfavorable foreign exchange rates.””

“”Our 2007 sale of non-core reinforcements businesses both improved our prospects for consistent growth and helped put our balance sheet in the best shape it has been in for years. Entering 2008, we expect debt to be less than two times EBITDA and we expect our capital investment program to be funded from operations.””


For more information visit:


Share this article


Categories


More News


Comments (0)

Leave your comment