SMS group plans global adjustment of its corporate structure, reaffirms strategy and long-term goals
The Covid-19 pandemic has impacted numerous industries, and the steel market is among those facing reduced forecasts and order volumes. After the 2019 financial year, in which both order intake (EUR 3.15 billion) and sales (EUR 2.94 billion) rose once more, SMS group is lowering its outlook for the coming years. The global market leader in metallurgical plant construction expects this year's order intake to be around one third below the level originally planned, but reaffirms its growth strategy and realignment towards areas of future growth.