Sennheiser 2015 Annual Report Download - page 44

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42
POST-BALANCE-SHEET-DATE EVENTS
Since December 31, 2015, no significant events have occurred
that are of material importance to the net earnings position,
financial position and net asset position of the Sennheiser Group.
OUTLOOK
The situation of the electrical and electronics industry in Germany
Overall, the Sennheiser Group expects to see stable development
in the electrical and electronics industry in 2016. The business
climate remains positive, albeit slightly more subdued compared
to the previous year. The ZVEI (Zentralverband Elektrotechnik- und
Elektronikindustrie), Germany’s central association of the electrical
and electronics industry, forecasts moderate sales growth of
2 percent for the industry in the current year. The uncertain
development of the global economy and various crises, not only
within the euro area, are having a significant impact. Declining
order intake and a growing bottleneck in available specialists
will further squeeze production volumes. The Sennheiser Group
therefore regards the ZVEI’s forecast as realistic.
MANAGEMENT REPORT OF THE SENNHEISER GROUP
POST-BALANCE-SHEET-DATE EVENTS // OUTLOOK, RISK AND OPPORTUNITIES REPORT