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Tiles

Ceramic sector hit by stock market plunge

Dec 03, 2002
Ceramic sector hit by stock market plunge3 December 2002 - During 2002 the plunge in the world stock market certainly did not spare the ceramic sector: very few listed companies saw increases in their share values, while the majority suffered significant losses. This is the situation revealed by the latest figures on the stock market performance of tile, sanitaryware and tableware manufacturers published in the section "Ceramic in the stock market" on CWW.
In just under a year, between December 2001 and the end of November 2002, the markets have lost millions of euro in value. The best performing company during this period was the UK firm Pilkington's Tiles (+42.86%), which offset the substantial losses of Pilkington (-41.02%); in the United States good performances were likewise shown by American Standard (+15.99%) and Mohawk Industries (+36.91%). Out of Italian stocks, only Granitifiandre and Maffei held strong (+2.24% and +2.47% respectively). Good performers in Europe included Ceramic Industries (+23.62%), Rosenthal (+5.32%) and Saint Gobain (+2.60%).

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