Airtac to see profit decline as trade war weighs sales

Pneumatic components supplier Airtac International Group (亞德客) might see a double-digit percentage drop in annual profit this year, as the US-China trade war started to weigh on the firm’s sales in the third quarter, Jih Sun Securities Investment Consulting Co (日盛投顧) said on Wednesday last week. Airtac posted consolidated revenue of NT$3.85 billion (US $124.6 million) for the third quarter, slipping 0.26 percent annually and 15.63 percent from the previous quarter. “The company’s sales are expected to continue to slide in the fourth quarter of 2018 and in the first quarter of 2019, as its order visibility faces international political and economic headwinds, as well as potential disruptions from the Lunar New Year holiday” in February, Jih Sun analyst Wayne Chen (陳有裕) said in a research note. “We project Airtac’s 2018 sales to climb 13.22 percent year-on-year to NT$15.53 billion, but net profit is forecast to decrease by 16.8 percent to NT$2.75 billion, with earnings per share [EPS] of NT$14.52,” Chen said. Airtac is the second-largest pneumatic components supplier in China, with a market share of about 20 percent, trailing Japan’s SMC Corp, which has a market share of...

Air Treatment Components Market will Account for Revenues Worth USD Million by 2025 end: Festo, Parker, Norgren, etc.

Reports Monitor has the addition of a new report titled, ‘Global Air Treatment Components Market’ provides an in-depth study about the market size, share, industry focus, industry status, competitive landscape, and the potential future growth opportunity of the market. The report also offers a detailed valuation of the future technologies on the basis of the historical and on-going market data as well as the dynamics of the market. The Air Treatment Components Market Research report comprises of primary and secondary information which is represented in the form of graphs, pie-charts, linear representations, tables, blueprints, and reference figures. The report is epitomized in an efficient manner, involving the market overview, agreement, mergers & acquisitions, and certain facts on the basis of consolation and comprehension. The following Top Major Players are assessed in this report: SMC , Festo , Parker , Norgren , Bosch Rexroth , Camozzi , CKD , AirTAC , EASUN  & More. The report is a valued asset for the active players, new participants, and the future investors, and provides a comprehensive assessment across regions such as:- Chapter:1 Overview of Air Treatment Com...