Höganäs reports drop in Q2 sales

July 24, 2013

Höganäs AB has recorded a 9% drop in net sales year on year for the second quarter 2013. The interim report published by the Swedish metal powder producer stated net sales of MSEK 1,652 for the period, compared with MSEK 1,808 in Q2 2012. Sales volumes were reported up 2%.

As an effect of falling metal prices, metal price surcharges on all significant metals were lower than in the second quarter 2012 added Höganäs. The Swedish krona remained volatile in the quarter and overall the currency effect on sales values was 7% negative compared to the previous year.

“Global market progress presents a divided picture. We are satisfied to see the progress of our volumes in North America and China, while demand conditions were sluggish on some other emerging markets in the spring. In Europe, we saw a marginal sales increase, thanks to Eastern Europe,” stated Alrik Danielson, Chief Executive Officer. “Thus, Höganäs’ broad geographical diversity meant that sales volumes for the first half-year were fairly good overall. However, to reduce the risk of holding excessive inventories in the autumn, we decided to run lower production volumes than the previous year in the spring, as reflected in our improved cash flow.”

First half 2013

The company reported first half 2013 net sales of MSEK 3,229, down 11% year on year. Sales volumes were also down 0.3% in the period.

Höganäs stated that sales volumes in Europe were down on the corresponding period of 2012. Although the downturn is only marginal, the company states that austerity measures in Europe appear to be holding the region’s recovery in check in several market segments. Sales performance in Asia was pushed in a positive direction by China, while strong comparative figures for 2012, due to the recovery post-tsunami and flooding, meant most other countries reported sales downturns.

Healthy growth was achieved in North America as continued positive car production forecasts and market sentiment improved in many other segments. In South America high inventories at the customer level caused fairly weak sales early in the period, stated Höganäs. The growth stimulus measures the Brazilian government has taken in the past two years did generate a gradual positive effect, and volume performance progress in the second quarter was gradually more positive.


News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

Recent issue of Powder Metallurgy review - your go-to resource to stay updated on the world of powder metallurgy and metal powders

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link