GERMANY: ZF says strong euro and weak economy will hold back sales growth
ZF Friedrichshafen AG has expressed satisfaction with the results the company achieved in 2003. However, the company warned that results are clouded by an 'ongoing drop in demand in many consumer areas along with the strong euro'. ZF maintained that - at best - sales this year will only be slightly higher than those in 2002, which totalled euro 9.2 billion.
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