Thursday, April 09, 2009

Europe's leading pipe supplier expects tough 2009 due to construction slowdown

Wavin N.V., leading supplier of plastic pipe systems and solutions in Europe, is facing the heat in Q1 2009 due to a pan-European decline in construction activity. Compared to Q1 2008, Wavin's Q1 20099 revenue decreased around 35% to approximately EUR 250 mln, according to the guidance provided on the company's website.

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