Annual Report 2010 - About Heraeus
Annual Report 2010 - About Heraeus
Annual Report 2010 - About Heraeus
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68 <strong>Heraeus</strong> <strong>2010</strong> ··· Group Management <strong>Report</strong> ··· Consolidated Financial Statements<br />
Events after the Balance Sheet Date / Prognosis <strong>Report</strong><br />
list of shareholdings<br />
<strong>Heraeus</strong> Medical plans to expand its market position in<br />
selected countries throughout Europe with innovative<br />
products for spinal medicine, in particular for treating<br />
fractures of the vertebral body.<br />
QUaRTZ GlaSS<br />
This business group benefited from a very strong economic<br />
upswing in the key semiconductor and telecommunications<br />
technology industries. In particular, growing demand<br />
from expansion of the global broadband network focused<br />
in China as well as a greater market presence with products<br />
for manufacturing photovoltaic and solar modules<br />
support the forecast for positive growth over the next two<br />
years. At the same time, the resulting diversification of<br />
the product portfolio has further reduced dependence on<br />
the semiconductor industry and its cycles. Since stable<br />
market conditions are expected for this industry over the<br />
coming year as well, continued revenue growth should<br />
be evident. A cyclical decrease in demand for the semiconductor<br />
industry is expected over the medium term.<br />
In addition, the implementation of comprehensive measures<br />
to optimize processes and facilities will yield further<br />
improved results.<br />
SPECIalTY lIGhT SOURCES<br />
The steady, deliberate development of new application<br />
areas will remain a clear focus of the specialty light<br />
sources business group’s growth strategy. Innovative<br />
new developments and advances coupled with investments<br />
in prom ising customer services such as application<br />
centers and comprehensive consulting on complex<br />
processes demonstrate and secure <strong>Heraeus</strong> Noblelight’s<br />
role as a market leader. Therefore, the business group<br />
has set a goal of moderate sales growth at a high level<br />
as well as a positive return on sales. Nevertheless, the<br />
rapid recovery in the specialty light sources market during<br />
the financial year should not disguise the fact that<br />
market conditions and the environment remain somewhat<br />
unstable. Specifically, growth in the important photovoltaics<br />
industry is marked by uncertainty over the medium<br />
term; the prognosis for the next two years calls<br />
for a decline in growth rates.
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