According to David Berges, Hexcel CEO, the company expects another year of double-digit sales growth in 2012. This will be led by Hexcel's Commercial Aerospace business as the result of ongoing increases in aircraft build rates and new composite-rich aircraft programmes entering production.
"Although there is some uncertainty about the medium to long-term prospects of our Space & Defense sales due to potential military budget reductions, we still expect single digit growth in this market in 2012 due to global rotorcraft demand for our materials," Berges continues.
| "Our combined expectations lead us to conclude that 2012 revenues will be in a range of $1.5 billion to $1.6 billion, at today’s exchange rates." |
| David Berges, CEO, Hexcel Corporation |
"Assuming reasonable availability of credit, we foresee a return to double-digit growth in our Industrial markets led by our wind energy sub-market."
Hexcel Corporation (NYSE:HXL) (Paris:HXL), headquartered in Stamford, Connecticut, USA, is an advanced composites company. Its products include carbon fibres, reinforcements, prepregs, honeycomb core material, matrix systems, adhesives and composite structures.
