Market activity in Pulp, Paper and bioproduct projects is expected to continue at a good level.
Market activity in Chemicals and Oil & Gas projects was weak in the first quarter of 2021. The market activity is expected to return to a satisfactory level during the second half of 2021. Postponements of projects and global uncertainties continue to reduce visibility in the Chemicals and Oil & Gas project businesses.
Market activity for the Services and the customer Maintenance, Repair and Operations-driven (MRO) businesses was satisfactory during the first quarter of 2021. These markets are expected to continue to improve, reaching a good level at the latest in the second half of 2021.
The ongoing Covid-19 pandemic continues to create uncertainties and risks of abrupt changes in all markets important for Neles.
The market outlook reflects management’s expectation for the next six months unless otherwise stated.