NSG says second quarter FY2013 results reflect "significant deterioration" in European markets
NSG officials said results for the second quarter of FY2013 reflected "significant deterioration" in its major European automotive and architectural markets, with overall company revenue down 10 percent from second quarter FY2012.
On a positive note, officials reported the Japanese market is stable, with tentative signs of improvement in architectural glass sales. In North America, auto glass volumes continue to improve, according to an October 31 release.
NSG does not expect "significant improvement in market conditions during the rest of FY2013," according to the release.