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BERLIN, June 2 (Xinhua) German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark DAX index growing by 3.44 points, or 0.0
In an open stream at SMM Digital on Wednesday, Martin Johannsmann, ceo of SKF GmbH, Schweinfurt and chairman of the board of German marine equipment suppliers association - VDMA Marine Equipment and Systems, was generally upbeat about the sector despite the challenges the Covid-19 pandemic had presented in 2020.
Looking into 2021 the biggest risk is that of financial stress to companies.
“In the short term we need to be very careful in our industry of suppliers or customers about problems,. Companies may face insolvency even, until we normalise this one of the biggest risks, and we all need to be careful, because we are not in an easy situation there,” Johannsmann said.