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Folie 1 - Oerlikon Barmag

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Management of market cycles is crucial<br />

13<br />

% change to previous quarter<br />

40<br />

20<br />

0<br />

-20<br />

-40<br />

81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03<br />

Source: VDMA<br />

� Saurer has learned to manage the always shorter and steeper cycles of the textile<br />

market

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