In a company issue reporting second-quarter results, Epcos commented that falling growth from handset makers had precipitated a 58% quarter-on-quarter decline in new orders to E297 million.
The revised figures now predicts sales growth for the fiscal year of between 10 and 15% and an earnings before interest and tax (ebit) margin of about 16%.
Previously in February, Epcos decreased sales growth forecast to 25% from an earlier mark of 25-35%, this targets was in turn were further revised a month later to 20%.
Inventory adjustments are obviously taking longer than was assumed in March. At the moment, no one can predict with certainty when this phase will end, said Epcos.
However, the company still stressed that it had retained an above-average order backlog of more than E900 million and expected new orders to return to normal in the fourth quarter of the current fiscal year.
