13.12.2009

Harsco upbeat

Harsco, owner of SGB, Hünnebeck and Patent Scaffold has issued an upbeat trading statement.

Addressing analysts in New York, Harsco chief executive Salvatore D. Fazzolari said that he was confident that the Company would return to earnings growth in 2010 at a double-digit rate.

He added that Harsco was successfully executing its stated global strategies for countermeasures, continuous improvement and emerging market expansion while maintaining a strong balance sheet and cash flow.

He said that, while near-term challenges still remain due to lower non-residential construction, the expectations for higher steel production in 2010 and a weakening U.S. dollar are both improving business drivers that should contribute to overall growth in the year ahead.