The discussion about the future perspective and innovative capabilities of the automobile industry that started in the 2. Half of 2018, weighed on the economic situation in Germany. However, the international subsidiaries of the JOEST group recorded a pleasing order income and promising projects for 2019. Numerous of these projects could be won during the year 2019, justifying a conservatively optimistic outlook for 2020 for all international subsidiaries.
High labour agreements lacking sense of proportion given the economic situation, worldwide trade conflicts and increasing geopolitical tensions compromise the otherwise well-known optimism for the German site.
Due to our organisational structure, we are convinced that we can react to these special challenges together with our employees.
Despite all uncertainty, we gained confidence and motivation for a positive outlook during our 100 year anniversary which we celebrated with all our employees.
We thank our employees for their efforts and our clients and partners for the close cooperation during the past year.
We wish you and your families a peaceful holiday season and are looking forward to continuing the trustful collaboration in 2020.