Dutch high tech companies expect to make a quick recovery after the recession ends, with growth boosted by new markets such as China, India and the Middle East, according to a report by a industry group.
The High Tech Systems Platform unites 20 of the country’s biggest technology firms, who have seen demand fall by an average 15% since the economic downturn began.
Nevertheless, the companies expect the recovery to begin next year and that combined sales will reach €34bn in five years time, the Telegraaf reports. In 2008, the firms had combined revenues of €28bn.
Chip machine producer ASML, which is a member of the platform, said on Thursday in a statement that the market was recovering in some sectors.
ASML said a ‘business pick-up’ will translate into Q3 and Q4 2009 net sales of over €500m compared with an earlier Q3 forecast of €450m.
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