We expect the market activity in Pulp and Paper projects to continue at a good level.
Market activity in Oil and Gas projects is expected to continue to decline from the good level in the first half of the year, due to general economic concerns. Postponements and global uncertainties are reducing visibility in the Oil and Gas project business.
Market activity for Services and the customer Maintenance, Repair and Operations-driven (MRO) businesses is expected to gradually improve from the suppressed levels during the reporting period, because customers’ operations are resuming to a more normal level. Large shutdowns are still being postponed due to the Covid-19 pandemic situation and customers’ tightening cash management actions.
The ongoing Covid-19 pandemic continues to create uncertainties and risks of abrupt changes in all markets.