A satisfactory 18% increase in catalyst revenue was not sufficient to counterbalance a significant decrease in technology revenue of 30%. Overall market share was maintained and the ambition for the future is still to keep growing faster than the market. However, the general market slowdown due to continued recession in emerging markets along with geopolitical unrest results in a revision of the company’s strategy and subsequent capacity adjustments. Recent years’ growth has led to a present overcapacity of staff, and layoffs mainly in Denmark have proven inevitable.