Quick Detail
Place of Origin
HS-CODE
S12-
Package & Delivery Lead Time
Package
Negotiable
Delivery Lead Time
Negotiable 2015-04-23
Detailed Description
Total cash and cash equivalents decreased to 228.2 million, primarily caused by negative operat ing cashflow , but still remained on a high level. At 53.2%, the equity ratio as of December 31, 2013, is at virtually the same level as in the previous year. Together with the high liquidity , the equity ratio provides a solid basis for future development. "
The takeover and intensified co operation with our strategic partner AVIC offer new opportunities," said Hongtong CEO, Jouni Salo. "Together with Hongtong, we will continue to develop our business and leverage the strengths of both companies".
Furthermore, the expansion of the spare parts and service business, which will be managed in the newly launched "Parts & Services" business unit , is an important cornerstone of Hongtong's future development.
Hongtong forecasts a significantly higher order intake in the 2014 financial year due to projected market improvement. The Group expects only slightly positive EBIT margin for the current financial year, due to continued project execution of contracts with
lower margins. Revenues are forecasted to be on a similar level as in 2013.
The complete Annual Report for Hongtong Machinery for the 2013 financial year is available at www.httechchina.com under Investor Relations.
China [CN] 
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